SmartProcurement.co.za - FREE on-line newsletter for purchasing and supply management professionals

Income tax act offers some BBBEE compliance relief

BBBEE has also become a business imperative, and with the updating of the Codes of Good Practice currently underway, is likely to remain so for the foreseeable future.

While no tax incentives or legislation have been enacted to specifically provide relief for BBBEE compliance, various sections of the Income Tax Act can, actually, offer some relief, says Dirk Kotze, tax partner at global audit, tax and advisory firm Mazars, says in this month's SmartProcurement.

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Supply chain fraud in the African context

Fraud and corruption in the supply chain management (SCM) environment, such as unauthorised rebates, kickbacks and dubious vendor relationships, are prevalent in the business and public sectors. Lucille Jansen van Vuuren of Volition Consulting Services discusses the nature of Africa’s beast, in this month’s SmartProcurement.

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April PMI declines as demand begins to ease

The seasonally adjusted Kagiso Purchasing Managers Index (PMI) fell for the second consecutive month, declining by 1.4 index points to reach 53.7 in April 2012.

There are indications that the Index could moderate even further, says Abdul Davids, Head of Research at Kagiso Asset Management.

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Procurement's cost focus will become a network growth focus

The last 10 to 15 years have seen intense inward cost focus. The coming 10 years will see attention turn to growth via digitally connected networks that empower buyers to discern, qualify, connect, and collaborate with suppliers, peers and partners. This is the consensus among Procurement Executives who responded to an Ariba survey on Procurement in 2020.

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Web-based tool assists procurement's struggle against fraud and corruption

LexisNexis Risk Management has launched a web-based system to assist in identifying and preventing fraud and corruption within the procurement environment.

The ‘ProcureCheck’ system gathers information needed to conduct due diligence and vetting on vendors and employees, such as information relating to property, people, companies and close corporations, Rudi Kruger, General Manager of LexisNexis Risk Management, told SmartProcurement.

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Pharmaceutical products designated for local procurement

Certain pharmaceutical products have been selected for domestic production in the latest designations under the amended Preferential Procurement Policy Framework Act (PPPFA).

A list of more than 70 potential pharmaceutical products is being finalised.

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National Treasury Framework roll-out offers contract improvements

There is significant value to be had by government entities adopting the first phase of National Treasury’s Contract Management Framework (The Framework), Paul Maddison, Managing Director at Realyst Contract Management, tells SmartProcurement.

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Corruption becoming endemic

Corporate South Africa, starting with Johannesburg Stock Exchange (JSE)-listed companies, should play a decisive role in addressing the scourge of corruption that is strangling our democracy. It is imperative that business, the public at large and the government initiate anti-graft measures.

Steven Powell, Head of Forensics at Edward Nathan Sonnenbergs (ENS), says South Africa’s anti-corruption legislation and investigation units are in need of overhaul. However, they cannot go it alone and will require corporate South Africa’s help. In this month’s SmartProcurement.

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Contemplating Strategic Sourcing - Government's 18 to 24-month crossing

There is a substantial gap between government’s current Procurement practices and those contemplated in its policy strategy document, Heleen Liebenberg, senior consultant at Volition Consulting Services told SmartProcurement.

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Reporting and analysis tool enhancing SAB's performance management culture

An integrated reporting and analysis tools is delivering exceptional ROI at South African Breweries (SAB), one of South Africa’s leading producer-distributors of alcoholic and non-alcoholic beverages and one of the nation’s largest manufacturing organisations.

The group runs an ERP system across its operations to manage its sales, finance, marketing and supply chain functions, producing high data volumes across systems in a complex IT structure.

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Improve your ROI in procurement - CPO imperative

Becoming that well-equipped procurement and supply management organisation means ensuring efficiency and increasing return on investment in procurement.

To get to this vision, CPOs must focus on certain imperatives.

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Future procurement - everything is automated

Procure-to-pay (P2P), sourcing, contract management and other automation engines will be essential in 2020; they will be integrated up and down supply chains, fully adopted, providing full transparency and real-time insight. This is the consensus among Procurement Executives who responded to an Ariba survey on Procurement in 2020.

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Previous 10 articles...

Amended PPPFA Regulations 2011 May 22, 2012
BBBEE Update and Key Questions answered May 17, 2012
Income tax act offers some BBBEE compliance relief May 2, 2012
Supply chain fraud in the African context May 2, 2012
April PMI declines as demand begins to ease May 2, 2012
Procurement's cost focus will become a network growth focus May 2, 2012
Web-based tool assists procurement's struggle against fraud and corruption May 2, 2012
Pharmaceutical products designated for local procurement May 2, 2012
National Treasury Framework roll-out offers contract improvements May 2, 2012
Corruption becoming endemic May 2, 2012

EVENTS

ITMSA Buyers Circle

The ITMSA cordially invites you to attend the ITMSA Buyers' Circle on 29th March 2012.PRoFiT - Prevention of Fraud in Travel Æ Æ More Info Breakfast Sessions Events

Public Sector Contract Governance

The Accountant General has proposed a universal Contract Management Framework (CMF) for the public sector in South Africa - applicable to Government ContractsThe recommended implementation date is 2013... Æ Æ More Info Events