New preferential public procurement system will provide flexibility, says Treasury
The draft bill proposes to establish a public procurement regulator within the Treasury
19 February 2020 - 20:23
UPDATED 19 February 2020 - 21:25
A draft bill that will create a single regulatory framework for procurement by national, provincial and local government, as well as state-owned entities, will also open the way for a revamped system of preferential procurement.
In terms of the Public Procurement Bill, which was gazetted on Wednesday for public comment, the Preferential Procurement Policy Framework Act and its points-based system will be repealed and replaced by a framework for the preferential treatment of previously disadvantaged groups...
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