Mmegi Online :: Govt reviews 'stagnant' EDD
Banners
Banners
Banners
Banners
Banners
Last Updated
Friday 20 September 2019, 16:30 pm.
Banners
Govt reviews 'stagnant' EDD

The Ministry of Investment, Trade and Industry has engaged consultants to overhaul the eight-year-old Economic Diversification Drive (EDD) after noting issues around stagnancy.
By Mbongeni Mguni Wed 21 Aug 2019, 08:57 am (GMT +2)
Mmegi Online :: Govt reviews 'stagnant' EDD








EDD is an initiative under which government uses its purchasing power to enhance local production and consumption through local procurement. 

However, officials said the initiative had stalled, accounting for only 53% of government’s procurement. 

Addressing journalists this morning, Investment, Trade and Industry minister, Bogolo Kenewendo said extending beyond 53% had proved to be a challenge and the consultants engaged would help government identify gaps and where to refocus the initiative. 

She stressed that the review would be based on engagement with the private sector and a report from

Banners

the consultants was due before the end of the month. Since its inception, the EDD has accounted for P40.4 billion of government procurement.

Economic Diversification Drive Unit director, Rosina Bantsi told Mmegi the review was timely. 

“EDD has stagnated at 53% meaning there’s not enough procurement locally, which was the main thing we wanted in the initiative,” she said. 

Government is the single largest buyer in the domestic economy, followed by mining as an industry which also recently introduced its own version of the EDD.

Subscribe to our Newsletter
Banners
Banners
Banners


Business
Wed 21 Aug 2019, 08:57 am
Fri 16 Aug 2019, 18:00 pm
Fri 16 Aug 2019, 14:38 pm
Fri 16 Aug 2019, 14:34 pm
Fri 16 Aug 2019, 14:30 pm
Fri 16 Aug 2019, 13:58 pm
Wed 14 Aug 2019, 16:28 pm
Wed 14 Aug 2019, 16:07 pm
Fri 09 Aug 2019, 17:12 pm
Fri 09 Aug 2019, 15:16 pm
Fri 09 Aug 2019, 15:07 pm
Fri 09 Aug 2019, 14:59 pm
Fri 02 Aug 2019, 18:00 pm
Fri 02 Aug 2019, 12:21 pm
Fri 02 Aug 2019, 12:19 pm
Fri 02 Aug 2019, 12:18 pm
Fri 26 Jul 2019, 18:00 pm
Fri 26 Jul 2019, 12:55 pm
Fri 26 Jul 2019, 12:55 pm
Fri 26 Jul 2019, 12:52 pm
Tue 23 Jul 2019, 14:00 pm
Fri 19 Jul 2019, 18:00 pm
Fri 19 Jul 2019, 13:00 pm
Fri 19 Jul 2019, 12:57 pm
Fri 19 Jul 2019, 12:56 pm
Banners
Banners
Subscribe to our Newsletter
have a story? Send us a Tip
Banners
  • Previous
    Next
    Masa Centre
    ::: Sunday 22 Sep - Sunday 22 Sep :::
  • Previous
    X-Men: Dark Phoenix
    Next
    Riverwalk
    ::: Monday 17 Jun - Saturday 17 Jun :::
    X-Men: Dark Phoenix
  • Previous
    Next
    Gamecity
    ::: Sunday 22 Sep - Sunday 22 Sep :::
Selefu
Mama! Mama!
Banners

gramstalker

Banners