President Cyril Ramaphosa has signed the Public Procurement Bill into law, creating a single framework to regulate public procurement, including preferential procurement, by all organs of state.
The legislation aims to enhance efficiency, cost-effectiveness, and integrity in public procurement processes. The Bill also seeks to improve transparency and integrity, combat corruption, and ensure the effective use of public resources while promoting economic transformation and broader participation.
A statement from the presidency highlighted that the new law addresses weaknesses in the procurement of goods and services by state organs that have previously enabled corruption, including state capture.
Presidency spokesperson Vincent Magwenya says, “The Public Procurement Act addresses weaknesses in the procurement of goods and services by organs of state that have in the past enabled various degrees of corruption, including state capture. The Act establishes a single framework that regulates public procurement, including preferential procurement, by all organs of state and promotes the use of technology for efficiency and effectiveness.”
The Bill also includes provisions to stimulate economic development through the procurement of goods and services provided in South Africa.
Among its provisions, the Bill lists individuals who may not submit bids, including public office bearers, employees of Parliament or provincial legislatures, and officials or employees of public entities, constitutional institutions, municipalities, and municipal entities.
Source: eNCA
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