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Government’s procurement decisions are irrational and nonsensical, according to Dr Stavros Nicolaou, a member of the SA chapter of the Brics council and senior executive at Aspen, one of South Africa’s largest pharmaceutical manufacturers.
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.
