President Cyril Ramaphosa says that government is in the process of fixing public procurement to make it a more effective instrument for social and economic change.
Writing in his weekly letter to the nation today, Ramaphosa says the Public Procurement Act, which he has signed into law, will enable procurement to promote the growth of local industries and create jobs.
He says the Act also puts in place measures to prevent the abuse of public funds to ensure that they are used for thr purpose for which they are intended.
Ramaphosa says the Public Procurement Act deals with the fragmentation in procurement laws identified by the Zondo Commission, creating a cohesive regulatory framework.
He says the law will establish a Public Procurement Office in the National Treasury, aimed at promoting standardisation in procurement and modernising the system through technology and innovation.
A few days ago, as part of the extensive work we areundertaking to prevent corruption and consign state capture to the past, I signed into law the Public Procurement Act. This law eliminates the problem identified by Chief Justice Zondo of fragmentation in procurement laws by… pic.twitter.com/XPQdaY3Cf4
— Cyril Ramaphosa (@CyrilRamaphosa) July 29, 2024
Ramaphosa adds that the law also prohibits state officials from doing business with the state and improves the transparency of procurement information, including awards of bids, the process followed and suppliers awarded.
Source: eNCA
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