The opposition Democratic Alliance has announced its intention to table the Preferential Procurement Policy Framework Amendment Act for public comment.
The bill proposes scrapping the current Broad-Based Black Economic Empowerment Act and making several key amendments to the Preferential Procurement Policy Framework Act .
Macpherson noted that one of the most powerful ways government is able to implement policy, is through the manner in which it selects companies to do business with. It will leverage the significant government procurement expenditure of almost a trillion rand, approximately 22% of our GDP, to incentivise a private company’s contributions towards achieving SDGs;
The SDG model will target the vulnerable and disadvantaged directly, the majority of whom have been classified as black under Apartheid, and make it more difficult for those who do not require benefits to accrue them. This will also stem rampant corruption and patronage;
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SA’s largest private-sector asset managers score high in BEE ratingsAnnual study showcases performance of private-sector institutional fund managers
Read more »
New lockdown rules for South Africa to replace state of disaster – deadline for comments extendedHealth minister Dr Joe Phaahla has extended the deadline for public comments on amendments to the Regulations Relating to the Surveillance and the Control of Notifiable Medical Conditions to 24 April 2022.
Read more »
Here are the big language changes proposed for schools in South AfricaBasic Education minister Angie Motshekga says her department is moving forward with plans to incorporate mother-tongue languages at the country’s schools.
Read more »
Govt shouldn’t rush to implement laws for COVID-19 - Dear South AfricaCivic organisation, Dear South Africa, says government should not rush to implement permanent laws addressing COVID-19 and future pandemics.
Read more »
Miss SA unveils Lalela Mswane's Miss Supranational look | ChannelThe Miss South Africa Organisation unveiled reigning Miss South Africa Lalela Mswane's look for Miss Supranational 2022, set to be held in Poland in July.
Read more »
Kelly Rowland is in SA, but where is Anele?Tweeps drag Anele Mdoda's name once again as Kelly Rowland arrives in South Africa.
Read more »