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17 May 2021| Posted by Magnus | In Computer Hardware and Software Services
National Treasury is a department under the ministry of finance, Government of South Africa. It is responsible for managing South Africa’s national government finances. The National Treasury’s legislative mandate is also described in the Public Finance Management Act. The National Treasury is mandated to promote government’s fiscal policy framework; to coordinate macroeconomic policy and intergovernmental financial relations; to manage the budget preparation process; to facilitate the Division of Revenue Act, which provides for an equitable distribution of nationally raised revenue between national, provincial and local government; and to monitor the implementation of provincial budgets.
Since 2014 National Treasury is also responsible to manage the affairs of South African Airways.
TendersOnTime is the biggest global procurement facilitator, processing 40,000 new business opportunities and e procurement tenders from various countries. Find below latest South Africa Tenders, eprocurement, etenders and other Public Tenders from South Africa. The information about South Africa Government Tenders is collected from different sources like: newspapers, South Africa official govt tender websites and e Tendering System.
South Africa is the second largest economy after Nigeria with total GDP of 330 Billion 809,034 Million USD (as per IMF 2021 Estimate, based on Nominal basis). Accordingly, at an average of 15%, South Africa Public Procurement market size comes out to be about 50 Billion USD. The total 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 constitution of South Africa (1996) defines the GENERAL PROCUREMENT GUIDELINES. Section 217 of the Constitution mandates that the public procurement 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.
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