Tag Archive | Preferential Act of 2011

Small Business Development Minister reiterates Radical Economic Empowerment approach

Minister of Small Business Development, Lindiwe Zulu has reiterated and reaffirmed statements made by senior government leaders who spoke to the fact that change must happen in the economic landscape of South Africa. This she mentioned during the State of the Nation Address debate where her focus area was actualization of the 30% set-aside of […]

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Posted in B-BBEE, Prefferential Procurement0 Comments

30% preferential procurement reservation for small black-owned businesses on the cards

Small, black-owned as well as women-owned companies are set to benefit from the Treasury’s proposed new preferential procurement guidelines that stipulate the reservation of 30% of all large government-issued subcontracts subcontracts should be reserved for them. According to the Treasury: “to provide for a mechanism that will assist in targeting certain categories of persons, including […]

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Posted in Government, Prefferential Procurement, SMMEs1 Comment

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