20% of public procurement budget lost to corruption
Some R30-billion of South Africa’s R150-billion public procurement budget is lost to corruption, estimates TFAC and its alliance partner Sentigol, supplier of the Tendersure system. Much of the loss is through rip-offs, overpricing, tender rigging and manipulation, reports TFAC. Legislation to challenge corruption has a limited impact, however, deploying effective Information Technology packages to overhaul […]
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