Newly approved government procurement strategy bodes well for SMEs

Provided by Business Partners Ltd, South Africa's leading investor in SMEs
The policy, adopted on 7 November 2008 and expected to be fully implemented in the 2008/2009 fiscal year, will require both national and provincial departments to spend 85% of their budgets for specific goods and services in the small, medium and micro enterprise (SMME) sector. The cabinet also resolved that all government departments would immediately implement a 30-day payment rule for goods and services procured from SMMEs

The procurement strategy covers 10 categories of products:

– advertising, media and communication

– interior and exterior services and cleaning product supplies

– interior and exterior furniture and décor

– clothing and textiles

– computer equipment and consumable supplies

– events coordination and management

– maintenance, repairs, construction and office space

– travel coordination and shuttle services

– food perishables and supplies

– stationery supplies and printing

Newly approved government procurement strategy bodes well for SMEs

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