President Cyril Ramaphosa says that government is in the process of fixing public procurement.
President Cyril Ramaphosa says that government is in the process of fixing public procurement to make it a more effective instrument for social and economic change.He says the Act also puts in place measures to prevent the abuse of public funds to ensure that they are used for thr purpose for which they are intended.
Ramaphosa says the Public Procurement Act deals with the fragmentation in procurement laws identified by the Zondo Commission, creating a cohesive regulatory framework. He says the law will establish a Public Procurement Office in the National Treasury, aimed at promoting standardisation in procurement and modernising the system through technology and innovation.
Ramaphosa adds that the law also prohibits state officials from doing business with the state and improves the transparency of procurement information, including awards of bids, the process followed and suppliers awarded.A few days ago, as part of the extensive work we are undertaking to prevent corruption and consign state capture to the past, I signed into law the Public Procurement Act.
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