Drive to buy local stalled by ‘tardy’ Treasury
Business Day Live
17 March 2016
The government’s localisation drive had been delayed by a lack of Treasury approval for designations recommended by the Department of Trade and Industry, its director-general Lionel October said on Wednesday.
The government’s procurement budget is about R500bn a year and it has set a 75% target for local procurement. One of the tools used to achieve this is to designate products or sectors from which organs of state have to purchase locally. Read more here.
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