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November 17, 2010
Procurement told to 'wake up' on BBBEE
South African companies seeking to improve their broad-based black economic empowerment (BBBEE) rating are failing to fully benefit from the 'preferential procurement' element.
Sandile Hlophe, managing director, restructuring advisory at business analysts KPMG, said CEOs and leadership teams now realise the benefit the preferential procurement part of the scorecard can bring. This is not, however, filtering down to purchasing leaders who in turn need to communicate clear strategies to suppliers.
Posted by StaffWriter at November 17, 2010 2:44 PM