Godongwana denies setting transformation back by promulgating new BEE rules

JOHANNESBURG - Finance Minister Enoch Godongwana on Tuesday denied setting transformation back by promulgating new black economic empowerment rules.While the new regulations allow state-owned entities to determine their own preferential procurement policy, Godongwana hit out at claims this would exclude local businesses from the economy.

In fact, Godongwana said the amendments were only a mechanism to tighten procurement policies so that SOEs don’t abandon the Reconstruction and Development Programme.Godongwana added that the amendments must also deal with corrupt practices in procurement.

Because it's been so good for the country.

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

EXPLAINER | To BEE or not to BEE: what the preferential procurement regulations really say | Fin24Finance Minister Enoch Godongwana on Tuesday briefed journalists on the preferential procurement regulations. There is no way the BEE has been scrapped, said Godongwana.
Source: News24 - 🏆 4. / 80 Read more »

Youth economic council slams Enoch Godongwana’s ‘anti-BEE’ lawThe South African Youth Economic Council has rejected changes to the Preferential Procurement Policy Framework Act by finance minister Enoch Godongwana which drop the practice of applying BEE pre-disqualification to tenders. Ek is nie seker oor BEE wat ons dit het niemand brandarm help nie. Die fond is onder bekend verdeel. Julle maak julle selfde skatryk. A man with a HAT IS A CROOKED MAN 🤔🤔 Youth economic council must learn about the real world
Source: TimesLIVE - 🏆 28. / 59 Read more »

Gauteng government considers selling properties to cover e-toll debtThis follows the pronouncement by minister of finance Enoch Godongwana in his medium-term budget policy statement (MTBPS) that national government would pay 70% and provincial government 30% towards the debt. Oh, sounds much wiser and hopefully e-tolls won't be SA hidden cost somewhere else. Wasting time When GovernmentZA decides that, they will need property lawyers on their side to assist with all their conveyancing matters. Call us FCAttorneys_SA WhatsApp 0826522915
Source: SowetanLIVE - 🏆 13. / 63 Read more »

DINNER PARTY INTEL: Sappi joins the bee teamThe pulp and paper company is collaborating with bee farmers in the Lowveld to place hives in its forests.
Source: FinancialMail - 🏆 20. / 63 Read more »

Top ICT tenders: Treasury, SAPO on the huntThis week’s top tenders see multiple tenders from National Treasury and the South African Post Office.
Source: ITWeb - 🏆 45. / 51 Read more »

GLOBAL TERRORISM: US Treasury slaps sanctions on four ‘members of Isis cell in South Africa’Four Durban men were named by the US Treasury on Monday as allegedly being part of an Isis cell in South Africa. Four companies linked to the men have also been added to US sanctions lists, as part of a US crackdown on the alleged emergence of Africa as a key site of Isis renewal. Are we asleep? Where was the SSA in all of this? Why did it take the US Treaury to point this out to us? Room for them to grow was created by the inflammatory statements made by Muslim Judicial Council members against Shais in South Africa. The USA can find a ISIS cell operating in Durban.. The useless SAPoliceService have a 98% failure rate, waste R101B in budget - and are just useless
Source: dailymaverick - 🏆 3. / 84 Read more »