An overview of preferential procurement in South Africa: Government initiatives and private sector responses
Fostering the development and growth of small and medium-sized enterprises (SMEs) is critically important to expanding employment and promoting economic inclusion, especially for historically disadvantaged groups and youth. However, South Africa’s has a highly concentrated formal sector, dominated by large and well-established companies. This creates significant barriers to entry for new SME’s. Supplying goods and…
read more >>Overview of the policy and institutional landscape for enterprise development and preferential procurement in South Africa
Pillay and Phillips review the South African policy and institutional landscape for preferential procurement and enterprise development. They focus on the use of these two BBBEE Code elements in broader socio-economic development. The various Acts, strategies, policies and industry sector charters all have a common goal: empowering previously disadvantaged individuals through meaningful participation in the…
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