By Ilhaam Hoosain
08 May 2008
Increase spending on Historically Disadvantaged Individual businesses from 5% to 70% will be brought on by the launch the Affirmative Procurement Policy Framework by Transport and Public Works Minister Marius Fransman.
The current policy only benefits sectors of the society that are generally financially secure and who have the required skills, means and resources. BEE companies currently benefit about 5%-6% of departmental spending on projects.
With this new policy BEE companies on the Koeberg Interchange Development will receive more than R300m in business a 70% increase.
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