The number of opportunists demanding a 30% stake in tenders won by established companies continues to grow uncheckedThe new tendency of pseudo-entrepreneurs demanding a stake in public tenders won by companies poses a serious threat to the country and its economy.
Among the consequences has been the rolling load-shedding visited upon us by Eskom, which has firmly consigned us to the status of a backward, third-world country. However, perhaps the most insidious consequence of the general criminality by some political mandarins has been the unwitting setting of a terrible example. The message that has been sent out is that it is fine — if not commendable — to cut corners, steal and generally break the law.
Routinely, they target companies that have won tenders from the public sector and demand 30% sub-contracting of the said business to them. They unleash violence to take over construction sites and prevent any work from taking place unless the companies yield to their vile blackmail. Often, this is in addition to members of the local communities demanding to be prioritised for employment on those projects, even if they do not have the requisite skills, experience or expertise.
This terrible culture is fast spreading to different parts of the country, in the process posing a serious threat to investment.
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Source: BDliveSA - 🏆 12. / 63 Read more »