Page 2 - Preferential Procurement News Today

For South Africa’s small and medium enterprise (SME) sector to thrive, entrepreneurs need to partner with reliable investors.

The President’s assertion follows a week where the National Treasury published a new set of Preferential Procurement Regulations.

Black business bodies say public procurement isn’t working in their favour and have urged legislation in this regard be speeded up

Finance minister tries to clarify confusion around new preferential procurement regulations.

Finance Minister Enoch Godongwana on Tuesday briefed journalists on the preferential procurement regulations. There is no way the BEE has been scrapped, said Godongwana.

Sakeliga welcomes a new Treasury regulation that omits BEE and local content requirements for state procurement.

The Treasury says that preferential procurement rules have produced irrational outcomes and are costing the economy.

JOHANNEBURG – Today, Vodacom announces that it has achieved the highest score of Level 1 contributor towards Broad-Based Black Economic Empowerment (B-BBEE) for a fourth consecutive year.

At the moment, an estimated $42bn financing gap exists for African women across business value chains - $15.6bn in the agriculture alone.

While we talk often about established suppliers having the benefit of economies of scale, we don’t talk enough about the benefit of agility that corporates can tap into through smaller suppliers.