Why do suppliers in certain sectors have to include Local Content when providing goods, works and services to users in the public sector?
In terms of revised regulations to the Preferential Procurement Policy Framework Act (PPPFA), Act 5 of 2000, which came into effect on Wednesday, 7 December 2011, all suppliers in designated sectors will have to meet the set minimum threshold requirements for Local Content when tendering.What is the role of the SABS?
SABS is a trusted standardisation, quality assurance and verification provider. Acting on behalf of the Department of Trade and Industry (the dti), it has been appointed the Verification Agency for Local Content in South Africa in terms of the amended regulations to the Preferential Procurement Framework Act, Act 5 of 2000.
Is there a cost to the Local Content Verification?
There is a cost to the Local Content Verification; this cost is based on audit time and the respective size of the bill of material of the designated product.
Why is Local Content important?
Local Content verification is part of the implementation of the Industrial Policy Action Plan (IPAP) and is an initiative of the dti, directed by Treasury regulations. Local Content supports the New Growth Path by developing the industrial infrastructure of South Africa and the skills of South Africans.