THE DA said on Wednesday that it will table the Preferential Procurement Policy Framework Amendment Act (PPPFA), or the Social Impact Bill, as a private members’ bill for public comment.
The bill proposes scrapping the current Broad-Based Black Economic Empowerment (BBBEE) Act and making several key amendments to the Preferential Procurement Policy Framework Act (PPPFA).
“The Social Impact Bill will amend sections 2(1)(b)(i) and (ii), as well as section (2)(1)(d)(i) of the PPPFA and introduce criteria based on sustainable development goals (SDGs),” it said.
This SDG-based model will better serve social and economic development for the most vulnerable communities in the country, the party said in a statement on Wednesday (16 March).
“For many years, the rich and politically connected have abused the PPPFA to enrich themselves. This was enabled by an ANC government that only focused on cadres and comrades, and paid little mind to founding principles of the Act
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