Black Business Council members call for procurement reform in South Africa

The Mail & Guardian reports that members of the Black Business Council (BBC) have renewed their calls for the approach to black economic empowerment in public procurement in South Africa, as implemented under the Preferential Procurement Policy Framework Act of 2000, to be revisited. In particular some members have called for the Act to be scrapped. One of the main concerns is that the Act only provides for price preferences and then only at a fairly small margin (20% for contracts under R1 million and 10% for contracts above). Members argue that this measure is insufficient to promote true empowerment through procurement.

Read the full article here>>