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CGF Articles & Editorials

NEW PREFERENTIAL PROCUREMENT REGULATIONS LIKELY TO BE CHALLENGED (2017-05-15)

Article by Terrance M. Booysen and reviewed by Bulelwa Mabasa (Werksmans: Partner)

In his State of the Nation Address in 2017, President Jacob Zuma noted the intention of the South African government to influence the behaviour of the private sector and to drive economic transformation.  He stated that this objective would be achieved through the government playing a role in the economy through legislation, regulations, licensing, budget and procurement, as well as Broad-Based Black Economic Empowerment (‘B-BBEE’) imperatives.