State procurement under the spotlight at B-BBEE conference

State procurement will come under the spotlight at the Broad-Based Black Economic Empowerment (B-BBEE) Commission’s annual conference that will take place at the Gallagher Convention Centre in Midrand on Tuesday, 15 March.

According to the Commissioner of the B-BBEE Commission, Zodwa Ntuli, the conference will focus on state procurement, grants, incentives, licensing and concessions as a means of achieving real economic transformation and providing black people with access to opportunities.

“B-BBEE can be utilised to bring about economic transformation and access to opportunities and markets by black people through procurement, grants, incentives, licensing and other concessions, and processes within the state must align fully with this purpose. We hope to have accounting officers, procurement officers and chief operating officers from all spheres of government, state-owned entities and the private sector to exchange views on what is expected of them in practice,” said Ntuli.

She pointed out that the conference would provide guidance on the requirements of the B-BBEE Act, development of internal procedures to support compliance, reporting requirements, ways to identify non-compliance and fronting practices, as well as alignment between procurement and B-BBEE requirements.

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