According to the Draft Preferential Procurement Regulations, 30% of all Government Contracts above R30 million must be sub-contracted to specific categories of SMME’s. These categories are:
- Black female owned EME’s or QSE’s;
- Black youth owned EME’s or QSE’s;
- Black owned EME’s or QSE’s.
Once the new Regulations are gazetted there businesses will need to find sub-contractors to fill this requirement.
By implementing the 30% sub-contracting rule Government is trying to spread the wealth that comes with winning... Read More