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NEW PREFERENTIAL PROCUREMENT REGULATIONS LIKELY TO BE CHALLENGED

February 7, 2019 By Terry Booysen Leave a Comment

By Terrance M. Booysen and reviewed by Bulelwa Mabasa (Werksmans: Partner)

In his State of the Nation Address in 2017, President Jacob Zuma noted the intention of the South African government to influence the behaviour of the private sector and to drive economic transformation. He stated that this objective would be achieved through the government playing a role in the economy through legislation, regulations, licensing, budget and procurement, as well as Broad-Based Black Economic Empowerment (‘B-BBEE’) imperatives.
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Filed Under: Contracts, Risk and Compliancy, Culture, Governance in large projects, Structure & Organization, Sustainability Tagged With: BEE, broad-based economic empowerment, Procurement Amendment Act, regulations

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