Bantu Gold hails Mr Price experience
Friday, March 10, 2023 | 100 Views |
Bantu Gold during the Mr Price internship in Durban
Bantu Gold landed a Mr Price internship after impressing judges with their gorgeous jean infused with African print material clothing line at the Fashion Without Borders fashion show in October last year.
According to Bantu Gold founder, Lukundo Simpemba who recently came back home after the adventurous trip, they spent three weeks at Mr Price. “This programme was a chance for us to learn about the inner workings of a large fashion house such as Mr Price. We can then take some of their strategies and apply it to our own businesses.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...