Govt tightens local procurement guidelines
Tuesday, September 29, 2015
According to the Ministry of Trade and Industry while some procurement entities purchase their goods and services from local providers, others continue to import some of the products that can be sourced locally. The ministry stated that in some cases procurement entities specify brand names in the tendering, while those products are locally available, competitively priced and meeting tender requirements.
Failure to comply with the EDD initiative requirements has partly been attributed to enterprise constraints such as unreliable supplies, poor quality of products, uncompetitive prices as well as low range of products available in the local market, said the ministry.
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...