The PFMA and the MFMA The Public Finance Management Act (PFMA) and the Municipal Finance Management Act (MFMA) are both legislative frameworks in South Africa designed to regulate financial management within the public sector, but they apply to different levels of government and have distinct focuses. Public Finance Management Act (PFMA) 1. Scope & Application…
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Bidding for Tenders in South Africa There are significant tendering opportunities in South Africa for entrepreneurs to secure government contracts and grow their businesses. Navigating the complexities of the tendering process, however, requires thorough preparation, compliance with legal requirements, strategic planning, and a commitment to continuous improvement. By understanding the intricacies involved and adopting a…
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What are Tender Scams? In our last blog we highlighted a peak in tender scams and how to protect yourself. If you are new to tendering and are not sure what they are, we’ll now unpack some of the more frequent scenarios. Fraudsters use what appears to be government department stationery with fictitious logos and…
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Beware of Tender Scams in South Africa:How to Protect Yourself In South Africa, the process of government procurement involves the issuance of tenders for various goods and services. While this system is intended to be transparent and fair, it has unfortunately given rise to a significant problem: tender scams. These scams can have devastating financial…
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Why Use an Executive Summary? If written correctly, your executive summary will not only assist the bid adjudication committee in adjudicating your bid but also highlight your understanding of the required services and competence as a leading service provider. Be careful not to use the executive summary as a platform to showcase your business but…
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