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Articles in category: Public Sector
THE Passenger Rail Agency of SA (Prasa), which owns and operates Metrorail, has finalised the award of its biggest signalling contract yet to Germany’s Siemens.
The R2.7bn contract to upgrade signalling systems on Gauteng’s passenger rail network was signed on Wednesday, according to a statement from Prasa, and is expected to improve train punctuality and safety, and help provide better controls and capacity management.(Read Full Article)
Britain has suspended direct aid to Malawi over a multi-million pound corruption scandal which has seen ministers close to President Joyce Banda implicated in fraud and the attempted murder of a whistleblower(Read Full Article)
Transnet Freight Rail (TFR) has taken delivery of two new dual voltage electric Class 20E locomotives -- a month ahead of schedule. TFR on Monday received the first consignment of the locomotives, which it procured from Chinese manufacturer, China South Rail Zhuzhou Electric Locomotive (CSR ZELC).
The two locomotives are part of the five electric locomotives to be deployed in Transnet’s General Freight Business, with an additional four locomotives expected to arrive before the end of December this year. The locomotives, however, will undergo rigorous testing before their placement onto the rail network.
Explore BDlive (Nov 12 2013) Preferential Procurement , Procurement Ethics , Supplier Diversity , Supplier Relationship Management , Manufacturing & Automotive , Public Sector , Transport & Logistics , Talent Management
Department’s "hard targets" for state-owned companies seen as alternative to mandatory "set asides" wanted by Black Business Council(Read Full Article)
When the Tanzania Public Procurement Act, 2004, came into force in 2005, public expectations were high that the new legislation would work well against escalating theft and embezzlement of public funds through procurement of goods and services.(Read Full Article)
Fast-growing firms in emerging countries such as China and India are not sufficiently transparent about their anti-corruption efforts. According to a report from anti-corruption group Transparency International (TI), Chinese firms to have the weakest overall performance among the BRICS (Brazil, Russia, India, China and South Africa) nations. Transparency in Corporate Reporting: Assessing Emerging Market Multinationals analysed 100 of the fastest growing companies based in 16 emerging markets.(Read Full Article)
There are widespread feelings that the fight against corruption in Zambia does not seem to be fully taken up by everyone in the country.(Read Full Article)
Following over four years of engagement between Transnet Freight Rail (TFR) and Imperial Logistics, the freight and logistics firms on Friday finally put pen to paper, ratifying a memorandum of understanding (MoU) that will divert freight that is currently transported by road to a multimodal transport combination and amplify the use of rail in long-haul transportation.(Read Full Article)
Financial chaos continues to haunt the public works department and the entity responsible for managing its property portfolio. According to the department's 2012/13 annual report, tabled in Parliament, Auditor General (AG) Terence Nombembe again struggled to find proof of much of the department's expenditure, which runs into billions of rand. Nombembe found the department did not always follow the law when it procured goods and services and in managing its contracts.
2013 marks a decade of the existence of Black Economic Empowerment (BEE) in South Africa, with the country set to host the first ever summit on BEE this week.
President Jacob Zuma is set to open the Broad-Based Black Economic Empowerment (B-BBEE) Summit, which kicks off on Thursday under the theme, ‘A Decade of Economic Empowerment (2003 to 2013)’.
Through the hosting of the two-day summit, the Department of Trade and Industry (dti) intends to re-orientate the framework, as well as reposition B-BBEE as a catalyst for economic growth and development. It also aims to demystify the myth of B-BBEE ...
[Government of Botswana]President Lt Gen. Seretse Khama Ian Khama says although international communities continue to rank Botswana as the least corrupt country, there are worrying reports of corrupt incidences across local authorities.(Read Full Article)
The UK Ministry of Defence (MoD) overpaid suppliers to the tune of £11 million in the previous financial year, an audit has revealed. Officials found duplicate and overpayments for common goods and services such as stationery were behind the overspend. The MoD’s ‘spend recovery audit’ was carried out as part of work to cut government error and fraud, which saw £6.5 billion cut from public spending last year. All government departments will be carrying out spend recovery audits.(Read Full Article)
Johannesburg - The Treasury is putting new monitoring mechanisms in place to reduce tender fraud in the government supply chain. The new measures use provisions in the Public Finance Management Act, which allow the Treasury to monitor procurement transactions in government departments, in provinces, state-owned enterprises and 17 cities.(Read Full Article)
THE Treasury is to invoke previously underutilised provisions of the Public Finance Management Act to enable officials to monitor the procurement transactions of departments, provinces and cities before and while these happen in an attempt to reduce tender fraud. The Treasury’s new chief procurement officer, Kenneth Brown, said on Monday his office would have the capacity to oversee and closely monitor every detail of procurement in all national departments, state-owned enterprises and the 17 largest cities, which report directly to the Treasury. Mr Brown was appointed in March 2013.(Read Full Article)
TENDERING process to pick a company that will supply the country with the first consignment of white petroleum products for the National Strategic Petroleum Reserve (NSPR) is going on well despite allegations indicating the process may be derailed.(Read Full Article)
It is no longer enough for multinational corporations to be profitable. They are also expected to be good corporate citizens, engage in ethical business, demonstrate sound corporate governance practices and care for the environment.(Read Full Article)
The focus of the next lottery licence period will be a more African one in tune with the government's aims, Eighteen companies are vying for the national lottery operator contract valued at R40bn, the National Lotteries Board (NLB) said on Tuesday. "The focus for the third licence period is a more African lottery that responds to our government's call to address localisation issues," NLB chairperson Alfred Nevhutanda said. "Bidding companies have to demonstrate a commitment to align their operations to the procurement act, information technology regulations, broad based black economic empowerment principles, and to empower local businesses by ...(Read Full Article)
The Minister of Science and Technology, Derek Hanekom hosted the first-ever dialogue between government, business, academia, civil society and members of the Portfolio Committee on Science and Technology to enhance the Science Technology and Innovation system of South Africa. Strengthening the system is required to address the need for improved coordination and coherence in the use of research and development in promoting innovation for the purposes of social and economic development in the country.(Read Full Article)
South Africa’s National Development Plan 2030 (NDP2030) is a plan developed for the country to eliminate poverty and reduce inequality by 2030 through uniting South Africans, unleashing the energies of its citizens, growing an inclusive economy, building capabilities, enhancing the capability of the state and leaders working together to solve complex problems. The plan specifically addresses the challenges faced in public sector procurement and proposes five areas of focus to ‘ensure procurement systems deliver value for money’.(Read Full Article)
Fellow Citizens: After review of documentary evidence over the weekend, I am today formally requesting the concurrence of the Honorable Legislature to dismiss the Auditor General, Robert Kilby, for failure to disclose private business activities that represent a clear conflict of interest with his official duties as Head of the institution with prime responsibility to investigate and advise on non-compliance with our public financial management and procurement laws. I am communicating to the Legislature the causes for this dismissal. For the same reason, I am dismissing the Director General of the General Services Agency, Ms. Pearine Davis-Pakinson, who approved those ...(Read Full Article)
South African state-run logistics group Transnet plans to issue an international rand bond this financial year to help fund its expansion programme, its chief executive said on Thursday. Brian Molefe said the company plans to invest 307.5 billion rand ($30 billion) over seven years - up from 300 billion rand previously - to expand railways, ports and pipelines that move commodities for export from Africa's biggest economy. “(The) global rand bond is a new idea. That is a frontier we want to push, an international bond in rand, not dollar,” Molefe said during a presentation of the company's annual ...(Read Full Article)
The Gauteng provincial government paid R831m to Gautrain operator Bombela Concession Company up to the end of March in terms of 10 ridership guarantees for the train, Transport Minister Ben Martins said in Parliament on Tuesday. The guarantees provide for the number of commuters who will travel on the Gautrain. When these guaranteed numbers are not reached, the provincial government has to compensate Bombela for the difference. Replying in writing to a question in Parliament by Democratic Alliance transport spokesman Ian Ollis, the minister said Bombela was in terms of its contract only obliged to supply 64 carriages for the ...(Read Full Article)
Transnet has issued bonds to the value of R3.3 billion, the state-owned company said on Monday. Transnet group chief executive Brian Molefe said the move affirmed continued investor confidence in the company and its portfolio of projects, despite the ongoing uncertainty in financial markets. “The state-owned transport and logistics firm had planned on issuing a R1bn bond, but due to the overwhelming demand from the market the bond was oversubscribed by over 3.4 times,” Molefe said. The bond issue was part of Transnet's domestic medium-term note programme, which formed part of the company's R15bn funding programme ...(Read Full Article)
Collaborative procurement is often viewed as the solution to the public sector's funding crisis. But why is there such strong political pressure to collaborate? The obvious answer is to deliver savings, but there is potentially a more divisive myth being created at its heart: the idea that public sector buyers lack commercial skills and are ineffective. True, there is inefficiency, but should the private sector really be our role model – particularly given recent revelations around supply-chain practices, tax structures and their propensity to outsource large parts of their operations overseas?