The board at State-owned company (SoC) Transnet will complete a wide-ranging review of the group’s procurement policies by the end of March and the new policy, which will have a strong transformation underpinning, will have implications for the procurement approach pursued during the implementation of the group’s R300-billion, seven-year investment programme.
What would this mean?. Transnet was the first of the parastatals to request BEE scorecards. This suggests a change in the way they do things in line with the new BEE Bill. We needn't worry that they won't be accepting BEE scorecards, they will but only those that work within their transformation structures. As per section 12A
- If requested to do so, the Minister may permit organs of state or public entities to determine their own transformation policies, if the Minister is satisfied that this will advance the objectives of B-BBEE and the strategic imperatives in the South African economy.
- An organ of state or a public entity must apply any transformation policy made in terms of this section as if it were a Code.
- In the event of any conflict between a Code issued in terms of section 9 and a transformation policy made in terms of this section, the transformation policy prevails.
It seems very likely that the parastatals are starting to make plans in terms of this.
Gigaba said he intended to be “hard” on the issue of transformation and would “brook no deviations” from the SoCs, which were expected to lead the way for corporate South Africa as a whole.
Yes minister - just like Eskom fair dinkum fucked up the economy with their Eskadaat, now you're giving the other parastatals a chance to destroy what's left.
Is it too late to ask for sense to prevail? Probably
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