Changes to South Africa’s preferential procurement regulations, which take effect on April 1, will open a R150-billion opportunity for small businesses and cooperatives, Small Business Development Minister Lindiwe Zulu has acknowledged. The Minister revealed the figure during the Economic Sectors, Employment and Infrastructure Development Cluster briefing in Cape Town on Tuesday, at which she also made conciliatory overtures towards Finance Minister Pravin Gordhan and the National Treasury, despite expressing discomfort at the “haircut” given to her department in the Budget. Zulu was conspicuous in not participating in a the standing ovation given to Gordhan during his February 22 Budget speech to Parliament.
Source: www.engineeringnews.co.za
Changes to procurement rules open R150bn opportunity for small firms – Zulu
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