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Articles in category: Procurement Ethics
Financial problems at Eskom have pushed the government to look into selling stakes in state companies to free up funds to update the utility and ease power blackouts.
President Jacob Zuma's ANC has long been reluctant to sell company stakes to ease the strain on the budget, for fear of upsetting powerful labour union allies who say this would cause job losses.
But state-owned Eskom urgently needs 250 billion rand to upgrade its infrastructure and this has left the ANC, managing a national debt of 50 percent of GDP, with little choice but to rethink the state ownership model ...(Read Full Article)
South Africa has suffered its worst power shortages in six years this month due to creaking power plants and emergency maintenance. Eskom is facing a $20-billion funding shortfall over the next four years, forcing the government to consider selling state assets to bail out the utility.
The government announced on Thursday that it would launch a private sector-led coal-fired power plant programme by January 2015, which should add 2 500 MW of generation capacity to the grid.(Read Full Article)
The Department of Mineral Resources would like to warn members of the public against an organised syndicate (s) scamming unsuspecting members of the public and claiming to act on behalf of the department.
One of the ways in which the syndicate operates is by requesting quotations for various goods and services from potential service providers, locally and abroad.(Read Full Article)
All companies must now take steps to protect themselves online and ensure their supply chain doesn't expose them to cyber-criminals. A recent PwC report found that 81 per cent of large organisations and 60 per cent of small businesses had been the victim of a security breach in the past year. Another troubling finding was that the overall cost of a data breach had increased dramatically since 2013. Security breaches can have an adverse effect on cash flow, profitability and reputation.(Read Full Article)
This week, the Organisation for Economic Cooperation and Development (OECD) published a ground-breaking report that dissects the massive and mostly hidden phenomenon of transnational corruption. Looking at more than 400 bribery cases across 41 countries that amounted to US$13.8 million per bribe, the report gives a glimpse inside the shadowy world of corrupt practices by […](Read Full Article)
Premier Foods, one of the UK's biggest manufacturers, has been asking its suppliers for payments to continue doing business with the firm. One supplier said the practice - known as pay and stay - was like "blackmail". Newsnight understands the struggling company has received millions of pounds from its suppliers in this way. Premier Foods said it was confident the scheme did not break any rules under competition law. The government said it was "concerned by recent reports".(Read Full Article)
The West African nations – named the 'Cotton-4' by the World Trade Organization (WTO) – are seeking cuts in subsidies and tariffs to allow them to compete internationally and for other nations to “slash policies that distort markets” as part of WTO trade negotiations. Weaker demand from China and more stock on the market has led to a recent fall in cotton prices. In October, the fibre was trading at 155.07 cents/kilo, whereas three months ago it was 184.4 cents/kilo.(Read Full Article)
The Southern African Development Community (SADC) can learn from the difficulties faced by the Economic Community of West African States (ECOWAS) in curtailing the spread of Ebola. The Ebola epidemic has highlighted the need for regional access to medicines in West Africa.
The capacity to regulate this sector in SADC faces a number of challenges. There is limited scope for growth of a local pharmaceutical production sector, considering India's dominance of generic manufacturing. African industries are challenged by the presence of imported generics. Indian pharmaceuticals are subsidised and are cheaper to import.(Read Full Article)
PwC report finds scarce resources, shift in global economic power to emerging markets, urbanisation are driving infrastructure spend in Africa(Read Full Article)
Developed nations need to ensure they are not exporting corruption to emerging markets, according to Transparency International (TI). The NGO cautioned corruption inhibits economic growth, and called on all nations to develop and improve measures to tackle unscrupulous behaviour. The warning was made alongside the publication of the organisation's 20 , the annual ranking of nations which measures opinion of how dishonest they are.(Read Full Article)
Once again, the Corruption Perceptions Index results are not fundamentally different from previous years: the majority of African countries still have a score of less than 50 per cent, which in our view depicts a situation of endemic corruption. In a continent with high level of economic growth rates (compared to many parts of the […](Read Full Article)
Government departments and state entities have come under fire from the Auditor-General for poor performance and failing to jack up their systems to comply with the law in the issuing of tenders.
This was after Auditor-General Kimi Makwetu found that only 25 percent of departments and entities received clean audits during 2013/14.
Makwetu, who was releasing the report on the performance of departments at national level and provinces in Parliament on Wednesday, said it was perturbing that 72 percent of the departments and entities did not comply with the law when it came to supply-chain management.
Auditor-General Kimi Makwetu has called on all government leaders to play a crucial role in ensuring that government departments and entities improve their audit outcomes. He has raised concerns over irregular expenditure, non-compliance with legislation, auditees with financial risk indicators and financial misstatements – where auditors have to help auditees correct their annual performance reports to achieve better outcomes.(Read Full Article)
Carlyle Group has agreed to buy South African tyre retailer Tiger Automotive from Ethos Private Equity, Ethos said on Wednesday, the US buyout firm's first deal in Africa's most developed economy.
Carlyle - like other private investors - has been targeting rapid economic growth and growing consumer spending in sub-Saharan Africa.(Read Full Article)
Cabinet approves implementation of programme to ensure compliance by government departments with policy on procuring goods, services from local suppliers(Read Full Article)
THE importance of public-private partnerships is a prevalent theme of the National Development Plan. Such a partnership is already taking place at the very highest level between business and government with dedicated task teams working behind the scenes to tackle difficult issues of the NDP, says Leslie Maasdorp, CEO of education group Advtech who is extensively involved in the process.
Progress is slow, concedes Cas Cavoodia in a presentation in August. Cavoodia, as acting head of Business Unity SA (Busa), is co-ordinating business’ engagement with government.(Read Full Article)
South Africa plans to spend $2.2-billion over two years to buy HIV/AIDS drugs for public hospitals, a government minister said on Monday, as a study shows the prevalence of the virus is rising.
Speaking at a manufacturing plant of drugmaker Aspen Pharmacare, Trade and Industry Minister Rob Davies said the government aims to buy three quarters of the drugs from local manufacturers.(Read Full Article)
Software Advice recently posted the results of its Key Priorities for Ethical Supply Chains Industry View 2014 that discussed the results of two surveys distributed to over 1,100 consumers. The findings are interesting, generally indicative of the current state of affairs, but, as far as SI is concerned, specifically off, though not due to any fault of Software Advice or the methodology employed by the researcher. What do we mean? Read on.(Read Full Article)
The Gauteng Provincial Government has announced that the upgrade of Cedar Road in Fourways, Johannesburg with an estimated value of R50 million is the pilot project for the new open tender process.
The pilot project was officially unveiled by Gauteng MEC for Finance, Barbara Creecy, and MEC for Roads and Transport, Ismail Vadi on Monday to restore public confidence in the provincial government’s tender processes.
The two provincial departments are piloting new steps to improve transparency of the process and compliance with supply chain management provisions of the Public Finance Management Act.
Central to this is the decision to ...
The apparel manufacturer’s efforts are a great example of the economic benefits that can accrue to companies that pursue sustainability and promote ethics in their supply chains.
Kudos to Levi Strauss, which announced last week that it will partner with the International Finance Corporation to reward suppliers in developing countries who score highly on environmental, health, safety and labour standards.
Governments, academics and tech gurus over the last couple of years have been transfixed with the prospect that better and bigger data can help us solve the world’s more entrenched problems – including corruption and poverty. The United Nations has also caught on to this trend and yesterday released a report, compiled by experts, which […](Read Full Article)
LACK of oversight and compliance and the high cost of local goods are some of the hurdles hampering government’s local procurement drive, says Leslie Sedibe, CEO of Proudly SA, a "Buy Local" marketing initiative.
Speaking at a local procurement conference, held in partnership with the Congress of South African Trade Unions (Cosatu) in the Western Cape on Tuesday, Mr Sedibe said that some local, provincial and national departments were effectively breaking the law by not adhering to the local procurement policies put in place by government.(Read Full Article)
Danish companies are keen to set up a green hub on renewable energy in South Africa, with an eye on developing markets into Southern Africa, Danish Minister of Trade and Development Cooperation Morgens Jensen has told Engineering News Online. He said he saw tremendous opportunity in South Africa, particularly in terms of wind energy, but that Danish companies needed to expand into Africa to make their investments worthwhile.(Read Full Article)