Hedging Gros Pois O.o

Hedging Gros Pois

It would have surely been the joke fo the year, but unfortunately once again, its the bitter truth.

The State trading Corporation is becoming famous due to its series of errors on hedging.

The problem rose when “Gros Pois” bought from Madagascar a few months ago were no more consumable.

Saga Gros Pois

And as usual, the hedging contract was made for a long period at a high price while the price of the product is low.

Get ready my dear Mauritians, YOU will have to pay, again.

News broadcasted on Top FM today.

8 thoughts on “Hedging Gros Pois O.o

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  1. Oh god. What a bunch of incompetent morons we have at STC.
    Fuel over. Now gros pois. I wonder what’s next. I give a reward to the one who guess it right about the next hedging bullsh!t by STC.

    STC–>State transitional co-morons?

    Oh god. What a bunch of incompetent morons we have at STC.
    Fuel over. Now gros pois. I wonder what’s next. I give a reward to the one who guess it right about the next hedging bullsh!t by STC.

    STC–>State transitional co-morons?

    Now am sure that there must be money entering some pockets. Else what the use of making 2 high hedging contracts when prices were down! ! !

    # In the Transparency International 1998 Corruption Perception Index, released in September 1998, Mauritius scored 5 out of 10 and was ranked 33rd out of a total of 85 countries;

    # Under the heading “Bribes and kickbacks”, the Global Competitiveness Report, released in July 1999, ranks Mauritius 49 out of a total of 59 countries

    # The same report ranks Mauritius 49 again out of a total of 59 countries under the heading “Government Favoritism”

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  2. Yes the STC are already famous for their actions. I remember a few years ago they caused the loss of 200 jobs of men working at the port area by a re-organisation…. and you are surprised that they cannot handle the purchase of gros pois.

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  3. I just have one question for all of you reading this.

    If ever you were proposed with 2 jobs, one at the STC where you could actually change things and another one much higher paying job, which one would you choose?

    I think the problem here is that most people run after money. And no one bothers about their small girl/boy dream of making a better future.

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  4. @Jevin :
    Sorry for late answer.

    From my recent personal experience, I would have chosen the first option (perhaps you know what I am talking abt) 😛

    btw. nice question!

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