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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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