Overview
At Land Bank, we seek efficient, effective, economic and uniform procurement of goods and services, while adhering to the Land and Agricultural Development Bank Act, 2002 (“the Act”) and all relevant South African legislation. This includes: Public Finance Management Act, Preferential Procurement Policy Framework Act, National Industrial Participation Programme, Broad-Based Black Economic Empowerment Act (BBBEE Act) and Codes of Good Practice, as well as National Treasury Regulations.
Supplier Development
Land Bank’s Supplier Development programme is an important part of our procurement process. Aligned to the National Development Plan, it aims to give effect to Government’s plans to enhance support to small business development. The programme, which is linked to existing suppliers who have successfully bid for Land Bank initiatives and tenders, works to enhance not only black-owned SMEs, but delivers multiple benefits to Land Bank including ensuring value-for-money acquisitions, improving delivery times and helping to improve our B-BBEE performance, amongst other benefits.