Fin24

Davies: New BEE tender rules out soon

2011-10-31 10:52

Johannesburg - New preferential procurement regulations will come into force on December 7, Trade and Industry Minister Rob Davies said on Monday.

Speaking during a debate hosted by I-Net Bridge, Davies said the first round of regulations would include infrastructure such as railways, set-top boxes and Eskom's Medupi power plant.

Companies with broad-based black economic empowerment (B-BBEE) ownership will score extra points when bidding for government procurement contracts.

"The goal is to stimulate local manufacturing production, without necessarily compromising competitiveness," the minister said. "Valued added activity has got to be at the forefront."

ETM economist Russell Lamberti said the implementation of the BEE policy had been "awful to date". "We will probably be having the same discussion five to 10 years down the line if the government does not cut the red tape and allow individuals to decide how to take part in the economy. SA has hugely complex economic policy," Lamberti said.

Comments
  • kmangi - 2011-10-31 11:16

    they own the economy now they gonna bitch abt how BEE only serves the BIG CATS...whites nee...Lol

      Appietrader - 2011-10-31 16:09

      Sure you have no idea what you are writing. Blacks are HOLDING a big slice of the formal economy. The unformal, like Malema closer to 100%. How about studying the facts first.

  • tooth.fairy. - 2011-10-31 12:25

    The more E's and B's they add to this the more anc criminals benefit

  • Carlin - 2011-10-31 12:30

    Some people are just unable to compete without a handicap, and most of these not even then. I have a friend who won't take government business because they're such poor payers. Those who must rely on government business deserve it.

  • Spade - 2011-10-31 13:22

    "The goal is to stimulate local manufacturing production, without necessarily compromising competitiveness" - if this is true, then what has BEE got to do with it? BEE promotes noncompetitive practices, like the so-called "tenderpreneurs". I love the way nice sounding cliches are tossed into the mix, without any commitment to them!

      BigD - 2011-11-13 16:30

      BBEEE adds large amount to the tender prices. No real value is added by having BBEEE in tenders other than connections.

  • RowRobCk - 2011-11-02 11:20

    There should be something like Wee... to carry the load for all the additional e's and b's they want in place.What about a time frame to get everybody up to par say 2018 just to promote some urgency to things that seem to be going further backwards and to balance things for all and to push for better results from our education departments so that we have the highest quality school leavers with the most opportunities .For more opportunities we need less restrictions in a fair market place.

  • lizards - 2011-11-18 07:32

    Mr. Lamberti missed out a colour when talking about 'red' tape he should have included 'black' tape too. The discrimination against qualified white men is holding back huge industrial developement. I know this is not PC to say this but there it is.Mnay young white men are leaving for overseas to get a job as they can't help develop "OUR" country because of their skin colour. Come on -we are 17 years down the line - we don't need to spoon feed any more. Do it on your own capabilities.

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