Is The New SOE Procurement Legislation A Step Back On Transformation?
Procurement processes raising eyebrows is nothing new in our shores, if you remember correctly former President Jacob Zuma set up a Commission of Inquiry in 2011 in terms of s84(2)(f) of the Constitution to look into, what the government at the time called, "allegations" of fraud, corruption, impropriety or irregularity in the Strategic Defence Procurement Package (SDPP). This Commission, widely known as the Arms Deal Commission or the Seriti Commission, was to look at the processes undertaken in acquiring arms for the SANDF, the rationale behind this and ultimately, if it made any economic sense. We will look at this Commission in detail in another piece, today we shine the spotlight on the newly appointed scandalous Finance Minister. The National Treasury recently published changes to Preferential Procurement Regulations (PPR), these give State Owned Enterprises (SOEs) to have their own Preferential Procurement Policies - no longer subjecting them to doing business with ...