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

SA Tourism returns to Pre-Pandemic Shine

South Africa welcomed 10.5 million tourists in 2025, surpassing pre‑pandemic levels for the first time. To unpack what this means for the industry, for jobs, and for South Africa’s global competitiveness, we’re joined by Thandiwe Mathibela, GM: Global PR, Communications, and Stakeholder Relations
2 Apr 5PM 12 min

Easter getaway: Five critical insurance checks

For families preparing to travel this weekend, there are a few top actions they should take to ensure their cover is valid. Understanding your obligations is as important as having a policy. We’re joined now by John Manyike, Head of Financial Education at Old Mutual, to unpack the biggest risks…
2 Apr 5PM 8 min

Pivot Point – Ramano on Transforming SA Leadership

For today’s Pivot Point feature, we’re joined by Ms. Tryphosa Ramano for a conversation about leadership, transformation, and the future of South Africa’s financial sector. We celebrate her three‑decade career defined by financial stewardship and a relentless commitment to transformation.
2 Apr 4PM 24 min

SA’s two-pot system sees repeat withdrawals

Since South Africa’s two-pot retirement system went live in September 2024, AlexForbes has now processed and paid more than one million savings-pot withdrawal claims, marking one of the largest operational undertakings in the country’s retirement industry. With more on the story behind the numbers, Vickie Lange, Head of Solutions Enhancement…
2 Apr 4PM 14 min

5 Easter scams to watch out for

RCS says holiday periods create the perfect storm: people are traveling, shopping online, and spending more time on social media—all moments when vigilance naturally drops. The company has identified six major scam types that tend to spike during school holidays, and Audrey Roberts, Customer Operations Executive at RCS, joins us…
2 Apr 4PM 12 min