Vetting in its simplest form is a formal and thorough inspection prior to granting approval or clearance. The importance of proper vetting in every department and position should not be underestimated – in fact, it should be at the forefront of every business process, says Rudi Kruger, General Manager of LexisNexis Risk Management. Without […]
Vetting crucial for today’s procurement world Read More »
Procurement Cards (P-Cards) are rapidly gaining acceptance in South African business circles as an efficient way of managing expenditure with company-approved vendors on low-value/high-volume transactions. When implementing a P-Card programme within your company there are a few things that should be noted, advises Kgomotso Ntsimane, Marketing Manager for Nedbank Corporate Issuing, in this month’s SmartProcurement.
Implementing purchasing cards? Keep an eye on… Read More »
The buzz in the procurement and supply chain industry for 2013 definitely has to be the revision of the codes of good practice published by Trade and Industry Minister Rob Davies on 27 Sep 2012. These codes ensure that the principle of black ownership reclaims its position on the Broad-Based BEE scorecard. In 2007, the
How many points might your organisation lose under BBBEE draft codes? Read More »
The proposed changes to the B-BBEE codes of good practice have left the procurement fraternity hanging in the balance, says Seth Randall, Executive at Mpowered Business Solutions, in this months’s SmartProcurement. The Department of Trade and Industry’s (DTI) proposed revisions to the B-BBEE codes of good practice were released in October 2012. To the almost universal
Has the DTI gone too far on Preferential Procurement? Read More »
It was time to consider further consequences for financial managers who fail to follow public sector policies and procedures, the auditor-general’s business executive for audit research and development, Linda le Roux, said last week. “The lack of consequences prevents the creation of a culture of oversight like we hope to see in the private sector,
Tougher consequences will whip ’em into shape: Auditor General Read More »
Inappropriate expenditure and corruption are widely reported in the media – however, 2500 Sanyati Holdings employees now find it on their door step, playing a role in cutting their jobs. The former CEO gave his account of how Government’s failure to pay on contracts has contributed to the black-empowered civil engineering and construction firm’s liquidation.
Government’s failure to pay sank Sanyati Read More »
With so many headlines appearing in the news of controversial tender irregularities, businesses should focus on protecting themselves against the negative publicity surrounding improper vetting of employees and vendors, Rudi Kruger, General Manager of LexisNexis Risk Management, tells SmartProcurement. Market research with a number of South African organisations has indicated that a common concern is
Managing the harm caused by procurement fraud Read More »
The Congress of South African Trade Unions (Cosatu) launched its anti-corruption unit, Corruption Watch, in January 2012. The organisation, funded by charitable donations, is independent and will gather and publicise information about official corruption and hand evidence to authorities. Whistle-blowers are encouraged to submit information anonymously online to the new Corruption Watch site and cell
Corruption: A risk in desperate need of navigation Read More »
“On April 1, 2011 the scale swung in favour of the consumer…are you ready for that?” Braam Botha, attorney, consultant and former Lecturer at NMMU Business School asked during a recent business seminar. “From the response of the audience, it was clear that the majority of business people were certainly not ready,” Botha told SmartProcurement.
Consumer Protection Act – don’t underestimate its effect on purchasing and supply Read More »
May 1, 2011 saw the implementation of the new Companies Act of 2008. The promulgation of this Act brings about several fundamental and important changes to South Africa’s laws regarding legal entities. This article is not a legal opinion and you are advised to consult lawyers or auditors should you need more detailed information. •
New companies act – changes to business environment Read More »
