Wednesday, June 01, 2011

Business community welcomes new tender regulations

By Khanyisa Tabata
01 June 2011

Business Unity South Africa has welcomed Finance Minister Pravin Gordhan’s announcement of tighter controls on national and provincial government.

Busa says this will assist in the fight against tender fraud and corruption. Government departments will now have to submit tender programmes in advance for all contracts over 500-thousand-Rands.

Busa’s executive director, Vikashnee Harbhajan, says the key to success is to ensure the effective implementation of these regulations...

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