Transnet CEO Portia Derby said some local procurement requirements imposed on state-owned enterprises were onerous and to their detriment. Photo: Ngampol Thongsai, EyeEm.
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Speaking at a recent Black Business Council summit in Johannesburg, Nicolaou lamented what he described as the shortsightedness of government officials who did not consider the full impact of procurement decisions on creating demand in the country’s lacklustre economy, but instead settled for minuscule savings.
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