BBBEE has also become a business imperative, and with the updating of the Codes of Good Practice currently underway, is likely to remain so for the foreseeable future. While no tax incentives or legislation have been enacted to specifically provide relief for BBBEE compliance, various sections of the Income Tax Act can, actually, offer some […]
Income tax act offers some BBBEE compliance relief Read More »
Fraud and corruption in the supply chain management (SCM) environment, such as unauthorised rebates, kickbacks and dubious vendor relationships, are prevalent in the business and public sectors. Lucille Jansen van Vuuren of Volition Consulting Services discusses the nature of Africa’s beast, in this month’s SmartProcurement.
Supply chain fraud in the African context Read More »
The seasonally adjusted Kagiso Purchasing Managers Index (PMI) fell for the second consecutive month, declining by 1.4 index points to reach 53.7 in April 2012. There are indications that the Index could moderate even further, says Abdul Davids, Head of Research at Kagiso Asset Management. The New Sales Orders Index, the largest weighted PMI sub-component,
April PMI declines as demand begins to ease Read More »
The last 10 to 15 years have seen intense inward cost focus. The coming 10 years will see attention turn to growth via digitally connected networks that empower buyers to discern, qualify, connect, and collaborate with suppliers, peers and partners. This is the consensus among Procurement Executives who responded to an Ariba survey on Procurement
Procurement’s cost focus will become a network growth focus Read More »
LexisNexis Risk Management has launched a web-based system to assist in identifying and preventing fraud and corruption within the procurement environment. The ‘ProcureCheck’ system gathers information needed to conduct due diligence and vetting on vendors and employees, such as information relating to property, people, companies and close corporations, Rudi Kruger, General Manager of LexisNexis Risk
Web-based tool assists procurement’s struggle against fraud and corruption Read More »
Certain pharmaceutical products have been selected for domestic production in the latest designations under the amended Preferential Procurement Policy Framework Act (PPPFA). A list of more than 70 potential pharmaceutical products is being finalised. Trade and Industry Minister Rob Davies said the designation of the pharmaceutical products would benefit the country in terms of health
Pharmaceutical products designated for local procurement Read More »
There is significant value to be had by government entities adopting the first phase of National Treasury’s Contract Management Framework (The Framework), Paul Maddison, Managing Director at Realyst Contract Management, tells SmartProcurement. The first phase of The Framework requires a government entity to draft a contract register. This would have an immediate benefit for the
National Treasury Framework roll-out offers contract improvements Read More »
Corporate South Africa, starting with Johannesburg Stock Exchange (JSE)-listed companies, should play a decisive role in addressing the scourge of corruption that is strangling our democracy. It is imperative that business, the public at large and the government initiate anti-graft measures. Steven Powell, Head of Forensics at Edward Nathan Sonnenbergs (ENS), says South Africa’s anti-corruption
Corruption becoming endemic Read More »
