Minimum Supplier Qualification to submit Tenders or Quotations

• No contract for goods and services shall be awarded to any tenderer / supplier unless such tenderer / supplier either has a Black equity ownership of at least 25%, or alternatively has entered into an acceptable Joint Venture agreement with another approved party which creates an effective Black equity interest in the project of at least 25 %.
  
  
• The 25% Black equity ownership specified above, shall be determined by the population demographics as prescribed in this booklet.
  
  
• The above requirements shall apply to all entities, including companies listed in the JSE Securities Exchange, Parastatal organisations and International entities.
  
  
• The only exceptions to the minimum requirement of 25% Black equity participation shall be:
  
  
  • emergency situations, and
    
    
  • where the nature and extent of the project is of a highly specialised nature, but only for the purpose of ensuring that the running of the SARCC's business is not interrupted. In concluding the contract, the SARCC will negotiate with the tenderer / supplier to ensure future compliance with the 25% Black equity participation.
    
    
• The Preferential Points System shall continue to be applied in the adjudication process.