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PROJECT PROCUREMENT

CASE STUDY

Although the South African Reserve Bank (SARB) is not subject to generally applicable public procurement legislation, its policy provides for the application of best procurement practices, while taking into account the procurement principles entrenched in the Constitution of the Republic of South Africa Act 108 of 1996 (the Constitution) and legislation relating to preferential procurement. Section 217(1) of the Constitution states: When an organ of state in the national, provincial or local sphere of government, or any other institution identified in national legislation, contracts for goods or services, it must do so in accordance with a system which is fair, equitable, transparent, competitive and cost-effective.

The SARBs procurement processes also adhere to generally applicable laws such as the Promotion of Access to Information Act 2 of 2000, the Promotion of Administrative Justice Act 3 of 2000 and the Protection of Personal Information Act 4 of 2013. SARB uses various procurement mechanisms, such as informal quotes, requests for quotations, requests for proposals or requests for tenders etc.

QUESTION 4 (40 Marks)

One of the most significant determinants of sourcing decisions generates from the nature of changes in the market. Discuss the dimensions of market analysis that South African Reserve Bank may consider while making sourcing decisions. (40 MARKS)

Please answer CRITICALLY and in DETAIL for 40 Marks!

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