Tender rigging curse gallops ahead, stifles economy
Friday, June 05, 2015
This is all because the country’s public procurement system seems paralysed to shake-off elements of corruption and wrongdoing that are munching away at the national cake.
Corruption is defined as a dishonest practice by those in positions of power, such as managers or government officials.
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...