We are of the opinion that the changes in the Procurement Act, that is effective as of 16 January 2023, will have a definite impact on the overall South African economy, however, might take up to 8 months for business to truly experience what the changes will look like for their specific industry and how their business will benefit or not benefit from the changes.
We have prepared a document that underlines the main changes of the acts. Click on the link to download this document.
Contact us at firstname.lastname@example.org to schedule time with us to clarify any uncertainties.
Opinion by: Corlia Swanepoel (Managing Director and Strategic B-BBEE Specialist)