Preferential Procurement

When the current global financial crisis peaked in 2008, the South African economy was held together by its strong foundation which benefitted from several past regulations that minimized investment flows out of the economy. Factors that have been in South Africa’s favor include our exchange control, our healthy banking system, the infrastructure investment by government […]

“Governments, policy makers, even the World Bank, all agree that small businesses are the growth engine in any economy. Looking at other countries as an example, 95% of organisations in Australia are from the Small Micro Medium Enterprises sector (SMME), whilst Germany’s economic growth was also led by SMMEs. The same applies to South Africa

Obtaining BBBEE procurement recognition for your organization is usually not a simple exercise. The task can be daunting even for the most pro-active  procurement officers. Wade van Rooyen of  IQuad Verification Services shares 7 excellent tips for quickly achieving BEE targets. 1. More than 20% of suppliers may be irrelevant “Not surprisingly, Pareto’s principle also

With the release of the final BEE Codes of Good practice=, the government has listened to small and medium business concerns about their difficulty in becoming compliant Johan Giliomee of NERA tells Smart Procurement. “Their biggest complaint has been that they do not always have the resources and money to become compliant and that a

The South African economy in all its diversity, presents BEE Verification Agencies with a reality that differs substantially from the corporate standard envisioned by the authors of the BBBEE Codes of Good Practice. “This is not to say that Verification is critically affected, or that adherence to the codes becomes impossible, but rather that both