The long-awaited Public Procurement Bill, which will set the parameters of how the competing goals of value-for-money, transformation, and local economic development will be balanced by state entities buying goods and services, has again been delayed, the National Treasury told Parliament on Tuesday.
Responding to ANC MPs who expressed impatience that the bill had taken so much time to reach Parliament and was still not final, Momoniat said the delay would be at most four weeks. On 25 October 2022, Nedlac submitted its final report to the finance minister. It was finally approved, with modifications, on 10 May.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: