President Cyril Ramaphosa signed the Public Procurement Bill to regulate public procurement, enhance efficiency, and combat corruption.
President Cyril Ramaphosa signed the Public Procurement Bill, creating a single framework to regulate public procurement by all organs of state, aiming to enhance efficiency, cost-effectiveness, and integrity in procurement processes. The new law addresses weaknesses that have enabled corruption, such as state capture, and aims to improve transparency, combat corruption, and ensure effective use of public resources.
July 23, 2024
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