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THE

BEECHAMBER

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NEWS

GAZETTE 50967 - PUBLIC PROCUREMENT ACT OF 2024

Writer: Newsletter EditorNewsletter Editor
On July 23, 2024, Gazette 50967 announced the Public Procurement Act of 2024, which aims to regulate public procurement processes and establish a framework for preferential procurement. The Act emphasizes high ethical standards, efficient use of resources, and principles of development, accountability, and transparency. Support services are available to assist with understanding the Act and ensuring compliance.

On 23 July 2024, Gazette 50967, the Public Procurement Act of 2024 was gazetted.

 

The Act seeks:

 

  • To regulate Public Procurement; and

  • To prescribe a Framework within which Preferential Procurement must be implemented.

 

Furthermore, the Act will focus on:

 

  • A high standard of Professional Ethics;

  • Efficient, Economic and Effective use of resources; and

  • Development-oriented, Accountability and Transparency.

 

We look forward to the implementation of the New Public Procurement Act of 2024

 

Preferential Procurement Services are available to assist with the understanding of the Public Procurement Act of 2024

 
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