Of DTC Botswana, sightholders and 'diamantaires'
Friday, February 01, 2008
The highlight of this year's economic landscape will be the launch of the highly anticipated Diamond Trading Company (DTC) Botswana.
Subsequently, sightholders are setting up shop to be ready for the $360 million rough diamonds they will get from DTC Botswana.
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...