PPADB Act up for review
Public Procurement and Asset Disposal Board (PPADB) Executive Chairman, Elijah Motshedi is hopeful the amendment of the PPADB Act and regulations will improve efficiency in procurement and asset disposal.
When delivering his budget speech last month, Finance and Economic Development Minister, Dr.Thapelo Matsheka indicated that government is reviewing the PPADB Act to, among others streamline the overall procurement process, increase the threshold for procurement devolved to implementing ministries and procuring entities.
He said this is in order to speed up project implementation and the review is expected to be completed in the 2020/2021 financial year.
Briefing journalists this week, Motshedi said the review is a welcome development which will go a long way in addressing challenges faced by the Board.
He said the review has long been overdue and says the amendment will cut some of the processes that have been in place.
Currently, PPADB is faced with a number of challenges such as procurement entities not adhering to procurement plans, hence affecting implementation of projects.