TRANSFORMATION FRAMEWORK
Treasury plans to redo procurement laws
The new bill will consolidate various procurement laws into a single overarching national legislative framework
Treasury is moving ahead with the enactment of a new procurement framework, arguing that the current regime is fragmented. According to Treasury, the Preferential Procurement Policy Framework Act (PPPFA) and its subsidiary regulations are an ineffective framework for transforming the economy which is why a new Public Procurement Bill is being developed. The bill which is currently with the chief state law advisor for certification aims to overcome the fragmentation in current procurement legislation. Once certified by the state law advisor the bill will be submitted to cabinet and once approved will be published for public comment. When enacted the Public Procurement Bill will repeal the PPPFA in its entirety. With an annual procurement budget of over R900bn, government can be a powerful instrument for achieving economic transformation. In a presentation to be made to Parliament’s appropriations committee Tuesday, Treasury says that the bill will consolidate various laws dealing wit...
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