Best Site For South African Government Tenders Financial Services

After Nigeria, South Africa is the second largest economy with total GDP of 330 Billion USD on nominal value, as per IMF 2021 estimates. Accordingly, at an average of 15%, South Africa Public Procurement market size comes out to be about 50 Billion USD on Nominal Values. The total Gross National Income (GNI) per Capita in South Africa is USD 6800 and the country stands at 113 position on Human Development Index with 0.699 points.

The information on South African Government Tenders is collected from all 9 provinces viz: Eastern Cape, Free State, Gauteng, KwaZulu-Natal, Limpopo, Mpumalanga, Northern Cape, North West and Western Cape.

South Africa has taken major strides in bringing transparency and efficiency in Public Procurement function. The constitution of South Africa (1996) defines the GENERAL PROCUREMENT GUIDELINES. Section 217 of the Constitution mandates that the South African government procurement processes be: fair, equitable, transparent, competitive and cost-effective. The Public Finance Management Act, 1999 (PFMA) regulates the finances at national and provincial level and the Treasury Regulation 16 and 16A of the PFMA contains detailed provisions dealing with public procurement.

Procurement at Municipalities level is governed through Municipal Finance Management Act, 2003 (MFMA). Whereas The Municipal Supply Chain Management Regulations, 2005 provides detailed guidelines for public procurement. There is provision to support underprivileged section of the society by giving preferential treatment through The Preferential Procurement Policy Framework Act, 2000.

As per World Bank Doing Business report, May 2019 South Africa ranked at 82 position with the total score of 66.03.

Like in any other country, South Africa Public Procurement can also be divided in to 3 major categories and accordingly. TendersOnTime covers all South African Government Tenders from below 3 procurement categories like: South Africa Goods and Supply Tenders, South Africa Services Tenders and South Africa Works Tenders.