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Financial Management of Parliament Act, 2009 (Act No. 10 of 2009)

Chapter 6 : Supply Chain Management

40. Supply chain management policy

 

The Executive Authority must prescribe in accordance with section 65 a supply chain management policy which—

(a) is fair, equitable, transparent, competitive and cost effective;
(b) promotes high ethical standards and prohibits fraud, corruption, favouritism and unfair and irregular practices;
(c) requires disclosure of and deals appropriately with conflicts of interests;
(d) establishes appropriate supply chain management processes and procedures, including—
(i) demand management;
(ii) acquisition management;
(iii) logistics management;
(iv) disposal management;
(v) risk management; and
(vi) regular assessment of supply chain performance;
(e) complies with other applicable legislation¹; and
(f) covers at least the matters specified in Schedule 3 to this Act.

 

 

¹ This includes the Preferential Procurement Policy Framework Act, 2000 (Act No. 5 of 2000) and the Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003).