President Cyril Ramaphosa signed a landmark bill into law today, establishing a single, unified framework for public procurement across South Africa. This Public Procurement Act aims to streamline the process, eliminate corruption, and ensure efficient use of public funds.

The new law addresses long-standing concerns about fragmented regulations and a lack of transparency in government contracting. Previously, various degrees of corruption, including state capture, were facilitated by the weaknesses in the procurement system.

The Act promotes fairness, transparency, and competition in the bidding process. Additionally, it encourages preferential procurement for qualified South African businesses and entrepreneurs, fostering economic development and broader participation.

Technology will play a key role in the new system, promoting efficiency and effectiveness. The Act seeks to ensure that public resources are used economically and effectively, while combating corruption and promoting transformation within the South African economy.

The Public Procurement Act will apply to all government departments, constitutional institutions, municipalities, and public entities. The Minister of Finance will be responsible for administering the Act.

The new law also includes provisions for accountability by establishing who is ineligible to submit bids. This includes public officials, employees of legislatures, and individuals employed by public entities or municipalities.


https://theafricadailypost.com/316609/news/government/south-africa-targets-corruption-with-new-procurement-law/