Members of the media are invited to a media briefing that will be addressed by the Minister of Economic Development, Mr Ebrahim Patel,the Minister of Finance, Pravin Gordhan, and the Minister of Trade and Industry, Dr Rob Davies.
The briefing will focus on the amended Regulations of the Preferential Public Procurement Finance Act (PPPFA), promulgated in June 2011. The regulations will become effective as from tomorrow the 7th of December 2011. Details are as follows:
Date: 7 December 2011
Time: 09h00
Venue: Yellowwood, on Level 1 of the Inkosi Albert Luthuli International Convention Centre (ICC), Durban
The revised Regulations enable the Minister of Trade and Industry, Dr Rob Davies MP, to designate sectors and products for local procurement and align the PPPFA with BBB-EE objectives. The designation instrument serves to strengthen public procurement in support of local manufacturers and will bring net economic benefits to the economy including with respect to reducing the significant economic import ‘leakages’ from the domestic economy.
The ‘first wave’ of designations which will become effective tomorrow and future designations will include strong government support for the development of local component manufacture in the renewable energy value chain including Solar Water Heaters and components for solar and wind energy generation and reticulation.
The Designations take place against the background of the adoption by Government, Business, Labour and the Community social partners of a Procurement Accord. This forms one pillar of the social dialogue process under the New Growth Path.
For RSVP send an e-mail to Bongani Lukhele on: blukhele@thedti.gov.za or on 074 299 8512
For enquiries contact:
Sidwell Medupe
Cell: 079 492 1774
