Notwane still keen on going private
Tuesday, January 21, 2014
Notwane secretary Kitso Sedisa, speaking to Mmegi Sport, said the club was interested in commercialisation despite a brief unpalatable stint with GMG Holdings owned by Gift Mogapi.
The club sold 80% of its shares to Mogapi at the beginning of the season but the deal did not pay dividends after the new owner was accused of failing to pump money into the team.
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...