Mboweni defends BEE rule on procurement

BL PREMIUM / 29 APRIL 2021 - 20:15 / BEKEZELA PHAKATHI

Regulations were challenged in court by business lobby group Sakeliga

Finance minister Tito Mboweni has filed court papers challenging a Supreme Court of Appeal ruling which struck down a provision in procurement legislation that prioritised black-owned firms.

The regulations of the Preferential Procurement Framework Act were widely used by state-owned companies Transnet and Eskom during the state capture period to skew the awarding of tenders by imposing prequalification rules, such as the requirement for bidders to be 51% black-owned. ..

TO CONTINUE READING : https://www.businesslive.co.za/bd/national/2021-04-29-mboweni-defends-bee-rule-on-procurement/

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