Zakhem, Shah ousted from BFL board
Tuesday, December 19, 2023 | 290 Views |
Former Township Rollers President, Jagdish Shah PIC: MORERI SEJAKGOMO
The shareholders reportedly resolved to remove board chairperson, Nicholas Zakhem as well as board member, Jagdish Shah.
Masitaoka chairperson, Godfrey Ratlhaga has been elected as the new chairperson while Tumelo Toteng, TAFIC chairman replaced Shah on the board. The decision comes in the wake of reported tensions within the BFL, which have been building up for quite some time.
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...