Khulekani MagubaneThe Black Business Federation is planning a legal challenge to the National Treasury's newly released draft Preferential Public Procurement Framework guidelines, saying that the draft guidelines leave black South Africans and their businesses at a disadvantage when bidding for government tenders.
National Treasury's draft regulations – released pending clarity from the Constitutional Court on its ruling – bring procurement back in line with the system that existed before 2017, which proposes an 80/20 BEE preference point system for the acquisition of goods with a value of up to R50 million and a 90/10 BEE preference points system for goods valued higher than R50 million.
"The Black Business Federation has decided to organise a team of procurement and legal experts to examine the judgment and provide us with well-informed advice, after which we will proceed in challenging the constitutional court judgment in a well-guided manner," said Zondi.
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Fin24 So not only must they get all the tenders, as they have been, but it must be financed for them as well👍🏻 great business model, commonly known as a racketeering
Fin24 These procurement policies do not benefit black businesses either. Preferential policy must address the historical disadvantage of blacks and government must provide a sustainable funding model for these entrepreneurs.