The treasury and parliament must urgently revise and table the draft public procurement bill, as a crucial step in tackling South Africa’s procurement crisis %
Transnet's board of directors approved a supply chain management policy that will allow it to procure in line with the original Preferential Public Procurement Framework Act.
Regulatory uncertainty abounds in the procurement space after the recent Constitutional Court judgment upholding the Supreme Court of Appeal's decision to invalidate the 2017 Preferential Procurement Regulations In 2018 National Treasury estimated South Africa’s annual spend on public procurement was approximately ZAR 938-billion. Public Procurement is critical to service delivery, transformation, and job creation, it requires sound and prudent financial management to ensure that the state gets value for money.