Exemptions for youth businesses welcome
Monday, June 01, 2015
At a time when despondency seems to be the order of the day, Minister Thapelo Olopeng took to Facebook last week to announce some of the most encouraging news that young people need to hear at a time when government needs to be seen to be providing a conducive environment for job creation and citizen empowerment.
Olopeng also announced that Cabinet has approved a substantial number of exemptions for youth businesses. Among others, businesses owned by young people would now have a grace period of five years without paying lease fees for commercial plots and farms.
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...