Minister of Public Works Dean Macpherson said that this policy, which stipulates that 30% of large contracts must go to small BEE companies, has been exploited by construction mafias.
JOHANNESBURG - Minister of Public Works Dean Macpherson said that government may need to reconsider its tender policy, which stipulates that 30% of large contracts must go to small Black Economic Empowerment companies.The minister spoke on Tuesday at the launch of Infrastructure South Africa's multi-million rand fund, which is aimed at assisting government entities with project preparation.
The 30% rule comes from the Preferential Procurement Policy Framework Act, which mandates that tenders worth over R50 million must be subcontracted to a company owned by a person from a historically disadvantaged group.
Ewn News News Eyewitness News Eye Witness News Latest News News Today Ewn South Africa Ewn-News Primedia+ Primedia Plus Prime Media Plus
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘R521 million wasted’: Public works Minister Macpherson vows to tackle corruption with oversight visitsPublic Works and Infrastructure Minister Dean Macpherson has declared war on corruption, vowing to the tackle R521 million irregular expenditure.
Read more »
Lwazi Mahlangu’s permanent appointment as Deputy Director General at Public Works Department welcomedLwazi Mahlangu's permanent appointment aims to bring stability and integrity to the Public Works Department.
Read more »
Public Works Department Says Former Ministers Damaged Allocated Government PropertyThe Department of Public Works revealed that outgoing ministers and deputy ministers reportedly damaged government-allocated homes and left them in arrears.
Read more »
Only 20% of Public Works targets were met in 2022/23The auditor general’s office on Wednesday told MPs that 107 projects were significantly delayed
Read more »
Public Works properties worth R800 million standing emptyThe values of the public works' properties are based on their municipal rates and not market value, with plans in place to repurpose them
Read more »
Public Works teaming up with Auditor-General after poor audit performanceThe department in a statement on Wednesday said that Minister Dean Macpherson and the AG had now committed to working together to assist the department in improving its performance and auditing processes.
Read more »