Black business hits out at new procurement regulations
Treasury says the latest guidelines don’t do away with empowerment criteria but black business bodies want specific mention of black ownership and localisation of products
13 November 2022 - 06:14
The Black Business Council has urged the government to quickly finalise the preferential procurement bill and tighten criteria for black ownership and localisation as the new tender regulations issued last week could be detrimental to its members.
The regulations, which give municipalities, government departments and state-owned entities (SOEs) the power to set out procurement requirements, have drawn criticism for their apparent removal of requirements for black ownership and localisation of products to qualify for government tenders. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.