New finance laws look to stop government corruption in South Africa

The Public Procurement Bill, introduced to the National Assembly in June 2023, hopes to create a framework to end tender corruption.

In response, Finance Minister Enoch Godongwana introduced the draft Public Procurement Bill to ensure stability and transparency in public procurement at local and national levels. To create a uniform procurement system, the Bill wants to establish different regulatory bodies. These bodies will include a new Public Procurement Office that will develop measures to ensure the integrity of procurement, promote standardisation in procurement and supervise the implementation of the Bill.

Godongwana will have to define a procurement system, and the Public Procurement Office can be instructed to determine the standard bid documents.The Public Procurement Office will be tasked with developing an information and communication technology-based procurement system that will improve efficiencies, effectiveness and transparency – all in a bid to root out procurement corruption.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Why South Africa’s top companies advertise on Daily InvestorSouth Africa’s top investment and finance companies partner with Daily Investor for high-performing advertising campaigns.
Herkunft: mybroadband - 🏆 11. / 67 Weiterlesen »