Government’s dramatic about-turn on Eskom – withdrawing the audit exemption, and lifting the electricity state of disaster – is welcome, but there is one more crucial step it can take to advance transparency at the national power generator, and better serve the national interest: scrap racially preferential procurement in favour of value for money.
The IRR has requested that Treasury consider implementing a “maximum value-for-money” procurement policy, or at least publish a budgetary analysis of what would be saved by doing so.
28 October 2022 - In his medium-term budget policy statement (MTBP) this week, Finance Minister Enoch Godongwana opened the door to all organs of state to make their own procurement policies in order to maximise value for money.