Motsepe's strange CAF victory
Friday, March 12, 2021
Fresh broom: Motsepe will lead CAF PIC: KICKOFF
Patrice Motsepe has always been a name synonymous with success and wealth. He is one of the continent’s richest people having amassed his wealth largely through mining.
He is a generous man whose philanthropic works are all there for all to see, particularly in South Africa. Motsepe has an ‘open wallet’ policy after splashing cash on an often highly rated but underwhelming Mamelodi Sundowns.
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...