Archive | Prefferential Procurement

BUSA pledges support for economic transformation

Arising out of the engagement in Nedlac to address the impact of the credit ratings downgrade on the country, Business Unity South Africa (BUSA) today hosted a meeting with the Minister of Finance, Malusi Gigaba and the Deputy Minister Sfiso Buthelezi. On the agenda were issues such as the impact of the recent downgrade in […]

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Posted in Business, Prefferential Procurement0 Comments

Sanral appoints transformation manager

The South African National Roads Agency (Sanral) announced today that it has appointed Ismail Essa as Sanral’s Transformation Manager to report directly to the Chief Executive Officer (CEO). His appointment will take effect from 1 April 2017. Announcing the appointment, Sanral CEO Skhumbuzo Macozoma said: “The time to bolster government’s economic transformation priorities is now. […]

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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

Lack of government entities’ cooperation hindering transformation – B-BBEE Commission

“It is extremely difficult to find a place for the so-called ‘once empowered always empowered’ in the situation where 20 years after the adoption of the Constitution of South Africa, so much disparity and economic divide exists; these were the Broad-Based Black Economic Empowerment (B-BBEE) Commission acting commissioner, Ms Zodwa Ntuli’s sentiments. Further, this occurs […]

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Posted in B-BBEE, B-BBEE Act, Business, Government, Prefferential Procurement, SMMEs0 Comments

Preferential Procurement Regulations revised by Treasury

National Treasury has revised the Preferential Procurement Regulations, 2017, which were gazetted on 20 January 2017. According to the National Treasury, the regulations were initially promulgated in 2001 and revised in 2011, making this the second revision since the initial promulgation. “The revision of the Preferential Procurement Regulations of 2011 was largely influenced by the […]

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Posted in B-BBEE, Business, Cooperatives, Enterprise Development, Government, Prefferential Procurement, SMMEs, Supply Chain0 Comments

State Power Utility uncompromising on transfor – mation commitment

Mining giants, Exxaro and Anglo American could be in for a rocky ride if Eskom’s threats are to be taken seriously. This comes after the state utility’s quarter update today. Eskom was responding to Exxaro’s restructuring of its black economic empowerment (BEE) ownership by lowering its black shareholding from just over 50 percent to 30 […]

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Posted in B-BBEE, Business, Enterprise Development, Government, Mining, Prefferential Procurement, Supply Chain0 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, SMMEs0 Comments

Prioritise quality in public procurement process – engineering body

Government’s Preferential Procurement Policy has to strike the right balance between quality and pricing, as right now, pricing seems to be desired over quality, the Consulting Engineers South Africa (Cesa) suggests. Pricing get a weighting of 90% in total procurement decisions, with the remainder going to black economic empowerment requirements. Cesa laments that the functionality […]

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Gauteng’s procurement pledge to boost township businesses

It might be belated, but it’s a bold step nonetheless. The Gauteng Provincial Government has committed to allocating 30% of its procurement spending to township-based businesses. In a statement, the provincial government said its departments would have to prioritise purchases of goods and services below the R500, 000 threshold towards the township economy. Under terms […]

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Posted in Local Government, Prefferential Procurement0 Comments

New BEE code puts Bidvest in a compliance dilemma

The confusion in the areas of interpretation, application and assessment of the new Broad-Bases Black Economic Empowerment (B-BBEE) has once again been highlighted during Bidvest Group’s annual results. During the presentation of the results on 31st of August 2015, Bidvest CEO, Brian Joffee expressed the concern over confusion about the B-BBEE codes and policies. Joffe’s […]

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