City's latest vendor statistics show commitment to transformation, empowerment
The City of Cape Town's Supply Chain Management report for the year ending June 2014 shows that more than 86% of our purchase orders were placed with BBBEE-compliant vendors. We are making great strides as an opportunity city, dedicated to bringing redress through empowerment. Read more below:
As an administration that is committed to providing opportunities for our residents, the City of Cape Town issued a total of 196 339 purchase orders in the financial year ending June 2014, i.e. about 1 000 purchase orders per working day, to vendors who were compliant with the Broad-Based Black Economic Empowerment (BBBEE) legislation.
This equates to more than R10,77 billion or 87% of our total purchase orders issued for this period.
‘Broad-based black economic empowerment, which is to the benefit of the masses and not only an elite few, is a vital tool that must aid us in transforming our local and national economy. As an opportunity city, we will continue to place a strong focus on transformation through including local suppliers who are BBBEE-compliant and also through emphasis on the inclusion of local content in our supply chain,' said the City's Executive Deputy Mayor, Alderman Ian Neilson.
The number of BBBEE service providers who conducted business with the City over the same period numbered 2 856. This equates to 72% of the overall number of service providers used.