To curb “unsound” procurement practices that are “slowing down” Zimbabwe’s economic growth a new Procurement Bill would be drafted and tabled in Parliament before the end of the year, President Robert Mugabe announced in his State of the Nation address. The Bill will incorporate COMESA procurement guidelines which emphasise devolution of power to award […]
Zimbabwe procurement bill to correct procurement practices Read More »
The Department of Economic Development (DED) is finalising a partnership that will pump R650-million procurement expenditure into various townships across Gauteng, said Gauteng MEC for Economic Development, Environment, Agriculture and Rural Development, Lebogang Maile. The partnership is spearheaded by retailer MassMart and will see the establishment of 500 retail shops within Gauteng townships. The
Every business faces risks – the probability of events occurring – that can or will present challenges to their operations. Risk management is the practice of using processes, methods and tools to identify the level of probability, and then manage the ensuing risks. In practice, this means identifying in advance what can go wrong
Managing supply risk – asking suppliers to share your supply risk Read More »
Most inexperienced, small suppliers are so eager to supply that they hardly pay attention to the words ‘payment terms’. Yet the timing between cash outflows (as a business extends its service or sells a product) and inflows (as it receives payment for the said service or product) is the single most important factor in
Supplier cash flow vs Corporate promises Read More »
A strong, expert contracting and contracts management group is essential to combat fraud, CIPS Fellow and UK procurement consultant Colin Cram told delegates at Smart Procurement World in September. Download an event summary here Failing to use a strong contract management team that understands your various contracts and has the time and resources to
Fraud after contract award 6 times as frequent as fraud pre-contract award Read More »
There is something between Shakespeare and the Indian silver screen. For decades, Shakespeare’s works have inspired directors to churn out some of the most memorable hits on the big screen. The perennial favourite theme is based on one of his earliest plays, The Comedy of Errors. The play depicts the story of two sets
Comedy of errors with supplier visibility Read More »
The annual audit of South Africa’s provincial and national government bodies revealed that R28.4-billion was lost to irregular spending – R6.25-billion more than the previous year, said the Auditor-General’s report. In the report, auditor general Terence Nombembe blamed weak internal controls, poor political leadership (from the accounting officer and/or executive authority) and a disregard for
Public sector’s wasteful expenditure hits R28-billion Read More »
The Auditor General’s (AG) report on Municipalities made headlines for all the wrong reasons; there is something seriously amiss at the local Government level. Paul Maddison, MD of Realyst Contract Management, raises the question of how Government can help the local entities right the ship, in this month’s SmartProcurement. South Africa has arguably some of
Can contract management rescue local government 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 »
A contract management framework may not be applicable in the private sector owing to greater autonomy in how organisations in the sector operate. However, the lessons the public sector is learning in contemplating the requirements of the National Treasury Contract Management Framework apply equally in the private sector, writes Paul Maddison of contract management advisory
Contract Management Framework – “try the public sector pudding” Read More »
