The South African Youth Economic Council has rejected changes to the Preferential Procurement Policy Framework Act by finance minister Enoch Godongwana which drop the practice of applying BEE pre-disqualification to tenders.
Changes to the Preferential Procurement Policy Framework Act by finance minister Enoch Godongwana drop the practice of applying BEE pre-disqualification to tenders. File photo.The South African Youth Economic Council has rejected changes to the Preferential Procurement Policy Framework Act by finance minister Enoch Godongwana which drop the practice of applying BEE pre-disqualification to tenders.
State-owned entities such as Eskom, Denel, Transnet and others no longer have to only deal with suppliers who are fully BEE compliant, according to regulations published on Friday. The council’s spokesperson Sthandiwe Msomi said Godongwana’s move was regressive and counterproductive to building a class of black capitalists and industry players.
“Black economic empowerment and affirmative action policies have been at the centre of forcing the hand of the private sector to distribute capital and money into black business and previously disadvantaged communities,” Msomi said. The council said its mandate was to envisage a South Africa where young black people are “owners of the strategic means of production in sectors that bring in foreign revenue and global competitiveness”.
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