The government’s procurement policy will be overhauled in a bid to support black and small businesses, said President Jacob Zuma. ”The buying power of the state is a powerful economic tool. It can and must be used to advance black economic empowerment, ” said Zuma, speaking at a Black Business Council dinner in September.
ZUMA – Major BEE procurement shake-up Read More »
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 »
Eskom failed to follow its own supply chain policies, the PFMA and Section 217 of the Constitution when making pre-payments to the Gupta’s Tegeta exploration and resources to secure coal supply, said Corruption Watch in a statement. “We are concerned about the nature and scale of procurement irregularities at Eskom,” said Corruption Watch’s executive
Failed supply chain policies led to Eskom’s Tegeta payments – Corruption Watch Read More »
Gauteng Provincial Treasury will assist suppliers and small businesses to register on the Central Supplier Database (CSD) next week at SmartProcurementWorld. On 14 September 2016, Treasury will be available at The Absa Enterprise Supplier Development Expo Open Day, co-hosted at Smart Procurement World. A key feature of the CSD is that government procurement officials
Absa bank, in partnership with the Department of Economic Development and Tourism, launched a business skills programme in June 2016 to equip small suppliers with the necessary skills and knowledge to grow and sustain their businesses. The two-day programme aims to reach at least 1 000 small suppliers and, will run across the province
Hosting Smart Procurement World KwaZulu-Natal gave the city of eThekwini’s SMMEs the chance to network with big business procurement from the corporate and public sectors. “Involving Procurement in assisting SMMEs to grow and creating new businesses generates jobs for citizens,” eThekwini Municipality Cllr Fawzia Peer, Chair: Finance & Procurement, told SmartProcurement. “[Linking Procurement with
eThekwini municipality linking procurement and SMMEs Read More »
Policing South Africa’s R500-billion supply chain management system was an enormous task involving more than 20 000 staff and 220 000 suppliers, Treasury chief procurement officer Kenneth Brown said. The supply chain management system, in which tenders are often rigged by officials doing business with the state, lies at the heart of huge corruption
Cleaning up SA’s R500bn tender machine Read More »
Developments within government such as the creation of the ministry of economic development and, more recently, the ministry of SMEs indicate that the public procurement system also needs to evolve to remain a relevant and proactive tool to drive sustainable economic development, said Adv. Siza Mthethwa, General Manager: KZN Supply Chain Management, KZN Provincial
Integrating procurement systems is required to achieve real economic transformation Read More »
MOST of the country’s big cities have increased their "fruitless and wasteful" spending in the last financial year, despite some of them receiving kudos from international rating agencies. Nelson Mandela Bay metro was the worst offender, according to auditor-general Kimi Makwetu’s 2014-15 local government audit report, released on Wednesday.Managerial capacity at the country’s metros
Wasteful spending at metros balloons Read More »
"The punitive changes being introduced to the procurement system by National Treasury’s chief procurement officer, (CPO), will meet stiff resistance," says Corruption Watch executive director David Lewis. The changes, outlined in a new Public Procurement Bill drafted to simplify the state tender system, will disqualify errant and non-performing contractors. The regime includes a 10-year trading
Public support needed behind Procurement system’s up-hill battle Read More »
