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 »
An investigation into whether proper procurement procedures had been followed to upgrade security arrangements at President Jabob Zuma’s residence, Nkandla, found the supply chain management policy of the Department of Public Works was not fully complied with, Public Works Minister Thulas Nxesi said in a press statement. There was a breach of the allowance for
Procurement breaches in security upgrades to Nkandla Read More »
SmartProcurement is launching a local business-to-business (B2B) procurement print magazine – the SmartProcurement Review – “World class procurement in your hands”. While SmartProcurement remains an online portal for procurement and supply management professionals and executives in South Africa, we’ve had numerous requests over the years for a printed magazine, which is still a preferred reference
B2B procurement print magazine launch Read More »
“Being black or a woman does not entitle you to 5% of a company’s procurement expenditure,” said Sisa Ntshona, Head of Enterprise Development (ED) at Absa, during an ED discussion at the 2012 Smart Procurement World Conference. “It still requires hard work. I miss entrepreneurial flair”. Ntshona added that developing customers is a big challenge
Enterprise development – where has entrepreneurial flair gone? Read More »
A deficit of R21.2-billion was recorded on South Africa’s trade account in October‚ following a R13.8-billion deficit in September‚ according to SARS trade figures released in November. The deficit, at its worst level in several years, reminds us why the public sector took the decision to increase the utilisation of local content in manufactured products
Smart Procurement World 2012 has attracted more than double the participation it enjoyed last year. Smart Procurement can this week confirm that more than 600 procurement and supply chain professionals will gather en mass at Gallagher Convention Centre on 13 November to attend the multinational procurement networking event. “They’re coming because they want to be
Next week’s annual procurement networking event attracts 600 attendees Read More »
Strategic sourcing can create jobs for small enterprises and ultimately achieve economic development, said SmartProcurement Editorial Board member Dr Douglas Boateng. Strategic sourcing has helped organizations achieve quantifiable savings, often between 4% and 12% on procurement spend, and improve productivity and corporate social responsibility initiatives. “As a concept it continues to assist governments to industrialise,
Strategic sourcing can alleviate poverty, promote small enterprises and grow economies Read More »
Supply chain management (SCM) is one of five significant risks affecting whether municipalities receive a clean audit, said South Africa’s auditor general Terence Nombembe. The risk within SCM is demonstrated by the growing trend of irregular expenditure said Nombembe, commenting after the publication of the latest audit results for the financial year, in which only
“Poor government procurement prevented clean audits” – Auditor General 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 »
The local procurement accord would go a long way in building the capacity to reindustrialise the economy, said speakers at the South African Supplier Diversity Council (SASDC) conference in late June. South Africa’s heavy reliance on imports has over the last ten years led to de-industrialisation and the weakening of the manufacturing sector, said policy
Local procurement accord to reverse deindustrialisation Read More »
