State logistics agency Transnet's board of directors has approved an addendum to its supply chain management policy to allow Transnet to include specific provisions for preferential procurement in its procurement processes, effective from March 25. The board resolved to continue applying the 80:20 and 90:10 preference point system provided for in the Preferential Procurement Policy Framework Act to promote preferential procurement in its processes, and demonstrating the company’s continued commitment to transformation and empowerment.
