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Articles in category: Preferential Procurement
EU is also aiming at improving the economic impact that can be made by public procurement through Procurement Directives to encourage ‘Buying Social’. Procurement from social enterprises has great potential to transform and develop economies.(Read Full Article)
TRANSNET has shifted spending significantly towards black-owned companies in the past five years, making it and Eskom the most aggressive drivers of black economic empowerment (BEE). This comes against a backdrop of government urging state-owned firms to facilitate the emergence of black industrialists through preferential procurement. Transnet’s formula involves setting BEE or other prerequisites in all tenders and has become an example for other state-owned companies to emulate.(Read Full Article)
Explore MiningWeekly.com (May 11 2015) Preferential Procurement , Sourcing , Supplier Diversity , Supplier Relationship Management , Construction , Manufacturing & Automotive , Public Sector , Resources , Metals & Minerals , Transport & Logistics
The Department of Trade and Industry (DTI) has announced a further set of product designations for local procurement by the public sector and has indicated that efforts will be stepped up during 2015 to improve compliance across all government departments and State-owned companies (SoCs).(Read Full Article)
Enterprise development expert says introduction of the empowering supplier status measure in the amended BEE codes will create new levels of opportunity, writes Stephen Timm(Read Full Article)
Lonmin is bracing itself for a bitter fight as members of the Bapo ba Mogale community go to court this week in a bid to unravel its R664m empowerment deal(Read Full Article)
Explore MarketSqr Blog (Feb 13 2015) Invoicing & Payment , Preferential Procurement , Procurement Ethics , Procurement Technology , Sourcing , Supplier Diversity , Public Sector , Supply Chain Management
On 25 February 2015, South Africa's Finance Minister Nhlanhla Nene gave his first full budget speech since taking up the position. The minister faced a hard task – reducing the budget deficient and balancing the needs of a developing country in a time of reduced economic growth.(Read Full Article)
Noting that the South African public sector spent an “enormous” R500-billion on goods and services and construction works in the 2013/14 fiscal period, National Treasury has called for various reforms of government’s strategic sourcing, procurement and supply chain management (SCM) practises.(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)
Trade and Industry Minister Dr Rob Davies reiterated on Tuesday that the procurement of goods that conform to local content requirements was not just a recommendation for State entities but a legal requirement.
During a Portfolio Committee on Trade and Industry briefing, he noted that all organs of State were obligated to procure goods that were on the designated list and that conformed to local content requirements.(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)
Pretoria – President Jacob Zuma has appointed new members of the Presidential Black Economic Empowerment (BEE) Advisory Council.
MAJORITY of more than 900,000 active tax-paying companies operating in the South African economy will be affected by the new empowerment codes that are coming into effect from May next year, the Department of Trade and Industry said on Friday.
The new requirements were gazetted two weeks ago, with the comment period ending on November 14. They are for businesses with a R10m-R50m annual turnover. The codes, which are also referred to as the qualifying small enterprises (QSE) codes and their amended codes, are aimed at boosting small business participation in the mainstream economy.(Read Full Article)
Trade and Industry Minister Rob Davies has gazetted the second phase of the Amended Broad-Based Black Economic Empowerment (B-BBEE) Codes of Good Practice for public comment.
Economic and social transformation in South Africa is an evolving and fluid issue, with the rules being written by, and through our actions. The revision of the Codes of Good Practice (RCoGP) governing B-BBEE is a reflection of some of this fluid nature over approximately the past seven years.(Read Full Article)
Transnet Port Terminals CEO Karl Socikwa says the assembly of rolling stock will be beneficial for the development of the local manufacturing sector.(Read Full Article)
The Department of Trade and Industry (DTI) aims to improve the enforcement of localisation by having the Auditor General flag as “irregular expenditure” any flouting of buy-local procurement rules by government departments and State-owned companies.
Preferential Procurement Policy Framework Act regulations came into force on December 7, 2011, empowering the DTI to ‘designate’ the products that should be sourced locally.(Read Full Article)
SA’s small-business policy is like a mother feeding a baby with one hand and throttling it with the other. Small business is big business, if new Small Business Development Minister Lindiwe Zulu is taken seriously. But will her department be another costly farce? What small business needs is not rocket science. Nor is that which makes it almost impossible for her to succeed: all of her Cabinet colleagues and most departments and agencies contribute to a relentless tsunami of anti-small-business measures.
Meaningless promises of red-tape reduction have been made repeatedly by President Jacob Zuma and the worst-offending ministries: finance ...(Read Full Article)
With the original B-BBEE Codes released in 2007, the BEE Act allows various industry sectors to issue their own sector codes. Nine sectors, including construction, have their own codes and the Construction Sector Codes were issued in June 2009.
This implies that anyone in the construction sector must follow the construction codes. The construction codes apply to any business involved in “construction related activities”.(Read Full Article)
Trade and Industry Minister Dr Rob Davies has assured that the Department of Trade and Industry (DTI) would be “playing its part” in ensuring that government procured 75% of its goods and services from local companies, announcing on Tuesday the next designation of products for government procurement. These included steel, conveyance pipes, transformers, building and construction materials and rail signalling and components.(Read Full Article)
The introduction of the amended Broad-Based Black Economic-Empowerment Codes of Good Practice on May 1, 2015, could result in more than half the economy becoming noncompliant. The revamped codes were published on October 11, 2013, and the transitional period was initially scheduled to endure for a year until October 10, 2014.(Read Full Article)
An understanding of what drives the procurement decision can be the advantage that wins that next tender or that next customer.
Traditionally the main drivers of any procurement decision are price, quality and service, but with the importance placed on BEE compliance, the fourth driver of procurement decisions is a supplier’s BEE status.
Amended Codes' Preferential Procurement scorecard(Read Full Article)
Government was well on its way to meeting the 75 percent local procurement target set by President Jacob Zuma before 2019, trade and industry minister Rob Davies said on Wednesday.
Speaking during the debate on Zuma's state-of-the-nation address, Davies said: “We are on target to meet this before the end of this term.”
Davies defended the central theme of Zuma's speech which was “radical economic transformation”.(Read Full Article)
Proudly South African (Proudly SA) has welcomed the new administration’s commitment to promote local procurement.
Delivering his State of the Nation Address (SONA) on Tuesday night, President Jacob Zuma announced that government will continue to roll out the implementation of the Industrial Policy Action Plan, which will help promote local procurement.
It will also increase domestic production by having the state buy 75% of goods and services from South African producers. "President Zuma and the government's commitment to ‘Buy Local’ speaks directly to job creation and efforts to alleviate the triple challenges of unemployment, poverty and inequality in ...
An intervention is required to enhance black participation in procurement in engineering and construction, writes Thami Mazwai(Read Full Article)