Acts Online
GT Shield

Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)

Industry Charters

Chartered Accountancy Charter

Section D : Challenges

Challenges Facing the CA Profession

15.4 Preferential Procurement


The target for the CA sector is to increase procurement from level 5 to level 1 contributors, as well as procurement from suppliers that are 50% and 30% owned by black women.


Current situation / challenges

Recommended activities

Perception that service delivery by the black organisations is poor
Insufficient numbers of providers of the required services
The practice of 'fronting' in order to attract business
Too little is spent to actively and effectively promote growth and job creation
To create awareness by black organisations supplying the accountancy sector of the need for service excellence
To ensure that procurement from black companies becomes a matter of routine based on service excellence
To implement robust, independent verification and reporting mechanisms to avoid fronting