The Treasury is rethinking the draft preferential procurement regulations it published in June, and there is a possibility the revised version could claw back some of the more generous provisions for enhanced black economic empowerment. “The latest revision of the regulations is expected to be submitted to Finance Minister Pravin Gordhan in September and […]
Public Preferential Procurement regulations being revised Read More »
Black industrialists have a responsibility to maintain black ownership of their businesses. Failure to do so can set back government’s transformation efforts. As a black industrialist it means that one has to be involved in the running of the business on daily basis and according to the BEE act, a black industrialist cannot sell/resell
Understanding policies underpinning the creation of black industrialists Read More »
Wouldn’t it be great to lower the costs associated with preferential procurement? The unfortunate truth is however, that the total life costs associated with engaging historically disadvantaged suppliers are often unexpectedly higher than engaging in business as usual. With existing and looming charter obligations, preferential procurement has become a strategic imperative and organisations need
How do we afford affirmative procurement? Read More »
The BEE Codes have been top of mind since the beginning of 2016, unfortunately it is for the wrong reasons. Recent headline-grabbing stories of unprecedented racial tension have revealed a greater need to intensify efforts to achieve real transformation in South Africa. Despite being seen as a complex technological commodity, the provision of printers
Purchasing commodities to achieve more than BEE compliance Read More »
South Africa currently faces many problems and government must stop applying quick fixes and actually investigate the root of the problem and address it. This was the consensus at a Smart Procurement World Western Cape panel discussion. “PPPFA must not fall, but the principles of 80/20 and 90/10 must fall, simply because the framework
PPPFA : #80/20PrinciplesMustFall Read More »
Last year was one of massive and sometimes controversial change, for broad based black economic empowerment (BBBEE). The amended BBBEE scorecard, gazetted in October 2013, came into effect in 2015 and will affect all companies who are being measured and verified based on a financial period ending after 30 April 2015. “For some companies,
4 areas you can focus on to immediately boost your BEE levels Read More »
Lobbying organisations promoting black empowerment are calling for the Preferential Procurement Policy Framework Act (PPPFA) to be repealed because it places too much emphasis on price. The Progressive Professionals Forum (PPF), which lobbies to address socio-economic disparities and promote broad-based black economic empowerment (B-BBEE), says the law prioritises competitiveness and cost-effectiveness.
Black empowerment groups call for change to preferential procurement law Read More »
Much criticism has been levelled at dti over it New BEE Codes. Perceived by many as a legislator that has set an insurmountable bar, dti says its drive for economic-development has been lost in legislated translation. Liso Steto, Director at the dti, spoke to Smart Procurement Review about supporting small businesses and the perception
dti on the New BEE Codes – “we are not the enemy” Read More »
Tensions between SAA’s Board and its top officials around transformation vs operational requirements has seen the resignation of the carrier’s Chief Financial Officer, Wolf Meyer. While details of his resignation are not clear, it is reported that his decision is linked to the SAA Board’s push to set aside 30% of a contract
Through developing and encouraging small businesses across the country, the Minister of Small Business Development Lindiwe Zulu urged SMMEs to develop and adopt a skill of risk taking and allow innovation as these could have positive outcomes for their businesses, said the Minister during the opening of Global Entrepreneurship Week in Johannesburg in November
SMMEs need “risk taking skills” Read More »
