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TRANSNET SOC LIMITED - Publication of the Transnet Preferential Procurement Policy - Bitra

Release Date: 07/06/2023 07:59
Code(s): TN34 TSP265 TN40 TN30 TNF25 TN23 TNF27 TN27 TN29 TNI33 TSP264 TN25     PDF:  
Wrap Text
Publication of the Transnet Preferential Procurement Policy - Bitra

Transnet SOC Limited
(Incorporated in the Republic of South Africa)
(Registration Number: 1990/000900/30)
Issuer Bond Code: BITRA
(“Transnet”, “the Company” or the “Issuer”)


PUBLICATION OF THE TRANSNET PREFERENTIAL PROCUREMENT POLICY


Noteholders are hereby notified that Transnet’s Board of Directors approved the Transnet
Preferential Procurement Policy (“Policy”) which became effective from 01 June 2023. This Policy
is in compliance with the Preferential Procurement Regulations (“PPR”), 2022 issued by National
Treasury on 04 November 2022 in terms of the Preferential Procurement Policy Framework Act
(“PPPFA”).

The aim of this Policy is to regulate and provide guiding principles in effecting Preferential
Procurement prescripts in all Transnet procurement transactions. The Policy will promote the
uniform implementation of the provisions of section 217 (2) and (3) of the Constitution of the
Republic of South Africa, the PPPFA and the PPR as well as the Transnet Supply Chain
Management (“SCM”) Policy by:

  (a) Providing for specific goals to advance and protect persons and/or categories of person
      previously disadvantaged by unfair discrimination; and

  (b) Providing for promotion of transformation, empowerment and economic development in
      South Africa.

The Policy can be found on Transnet’s website on the following link:

https://www.transnet.net/InvestorRelations/Pages/Governance.aspx


07 June 2023
JSE Debt Sponsor
Absa Corporate and Investment Bank (a division of Absa Bank Limited)

Date: 07-06-2023 07:59:00
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