Lifestyle Biz: National Treasury blacklists 143 service providers

Loading player...
[SOURCE, BUSINESS REPORT] The National Treasury says it has a total of 143 service providers that are currently in the database of restricted suppliers.
“We have to date 56 such companies that have been blacklisted or restricted and there have been a total of 87 directors that are on the restricted supplier list,” acting chief procurement officer Molefe Fani said.
Fani revealed this when he briefed the standing committee on public accounts (Scopa) on the blacklisting of companies that were implicated in malpractices or irregularities while doing business with the state.
He said 26 service providers were blacklisted for periods ranging between one and three years, 94 for a period of four to six years, and 23 are restricted from trading with the state for a period of seven to 10 years.
Fani, however, said there were no service providers in the defaulter database for companies when the court invoked sections of the Prevention and Combating of Corrupt Activities Act by ordering a person’s name be endorsed in the register for tender defaulters.
Finance Deputy Minister David Masondo said the blacklisting of companies and individuals was an important step in fighting corruption and to entrench a culture of good governance throughout the state and its entities.
10 Mar 2022 4AM English South Africa Business News · Investing

Other recent episodes

From Farm to Fork: The Real Cost of Higher Rates

The Reserve Bank's latest interest rate increase could have implications far beyond the financial markets. Brendan Jacobs, Head of Agribusiness at Standard Bank South Africa, explores what rising borrowing costs, volatile energy prices and looming weather risks mean for farmers, food production and ultimately the prices South Africans pay at…
28 Sep 1PM 13 min

Careers Corner: Can South Africa's Digital Economy Create a Million Jobs?

As South Africa targets one million new jobs by 2030, the ICT sector is expected to play a critical role. Dr Jannie Zaaiman, CEO of SAICTA, joins Kaya Biz to discuss the launch of a new industry-focused jobs portal, the demand for future-ready skills such as AI and automation, and…
28 Sep 1PM 18 min

Balwin Delists: The Next Chapter Beyond the JSE

After nearly 11 years on the JSE, Balwin Properties has officially gone private through a R2.26 billion transaction backed by the Public Investment Corporation and founder management. CEO Steve Brookes joins Gugulethu Mfuphi to unpack the rationale behind the move, what private ownership unlocks for the residential developer, and what…
28 Sep 11AM 11 min

AGOA Extended: Certainty or Illusion?

The US has extended the African Growth and Opportunity Act (AGOA) to 2028, stabilising duty‑free access for African exporters. But is this really a win, or just temporary certainty? Oxford Economic’s Jervin Naidoo explains what the extension means for South Africa’s auto industry, Kenya’s textiles, and Africa’s trade outlook in…
24 Sep 1PM 19 min

Your Retirement, Your Rules: ETFSA’s Starter Pack Explained

Retirement planning doesn’t need to be intimidating. Suzan Ramotshabi breaks down the biggest barriers stopping South Africans from investing, including Black Tax and fear of making mistakes. She explains how the Starter Pack works, additional ETFSA solutions, and the one step listeners can take today to begin their retirement journey…
23 Sep 1PM 22 min