A tender refers to the process whereby governments invites bids for large projects that must be submitted within a prescribed deadline. During this process, an offer, bid, proposal or expressing interest in response to an invitation are made. It is important for all potential bidders to familiarize themselves with the tender process and principles in South Africa. The process includes attending briefing sessions, reading the whole tender document, ensure you take note of the closing date and...

Most Broad-Based Black Economic Empowerment (B-BBEE) Sector Codes have been amended and are currently in effect. There is a great need for businesses to become B-BBEE compliant. In order to do these many companies are considering restructuring to assist with compliance, but if this is not done properly the process could actually cause more harm than good. When considering different restructuring options it is important to steer clear of any practice that could be seen as a fronting practice as...

Gazetted on 29 March 2018, The Youth Employment Service (YES), intended to provide work opportunities for black youth between the ages of 18 and 35. This transformative endeavour by the Government aims to lower the increasingly high levels of unemployment in South-Africa to provide 12 month or fixed-term employment contracts. The YES initiative intendeds on incorporating its implementation into the Skills Development element of the Amended Broad-Based Black Economic Empowerment (B-BBEE)...

Since the political transition of South Africa in 1994 and the implementation of Broad-Based Black Economic Empowerment (B-BBEE), tender fraud became an issue South Africa is facing. There are 7 main types of tender fraud: Misrepresentation of a company’s credentials including their ownership, management and control, directors and turnover, by submitting forged documents. Collusion and manipulation in the tendering process between employees and issue of the tender in the form of bribes or...