THE BMZ ACADEMY
THE BMZ ACADEMY
053 8213
BMZ ACADEMY 061 262 1185/068 053 8213Page 1 of 32
, THE BMZ ACADEMY
IMPORTANT NOTES TO CONSIDER
THIS IS ONLY A FRAMEWORK, NO ONE SHOULD SUBMIT IT FOR FINAL
ASSESSMENT.
STUDENTS SHOULD COMPLETE THEIR OWN ASSIGNMENT, BUT KEEP IN MIND
THE RULES/INSTRUCTIONS
AS A TIP, IF YOU FIND THIS GUIDE USEFUL, YOU CAN CALL/WHATASPP US IF
YOU WANT A UNIQUE AND CUSTOMISED SOLUTION, SOMETHING THAT WE
GIVE YOU ALONE AND NOT SHARED WITH OTHER PEOPLE NOR SOLD ON
STUVIA AND OTHER ONLINE SITES
********************************************************************************************
AT BMZ Academy, WE WISH YOU THE BEST IN ALL YOUR STUDIES.
WE ARE YOUR MATES TO PASSING EXCELLENTLY IN ALL YOUR STUDIES.
DO NOT FORGET TO REACH OUT TO US FOR ANY FURTHER AND OTHER
ASSISTANCE!
GOOD LUCKY
BMZ ACADEMY 061 262 1185/068 053 8213
, THE BMZ ACADEMY
Table of Contents
QUESTION 1 ............................................................................................................. 4
1.2 Constitutional Foundation of Public Procurement ................................................ 5
1.3 The Public Finance Management Act (PFMA) ..................................................... 6
1.4 The Municipal Finance Management Act (MFMA) ............................................... 8
1.5 The Preferential Procurement Policy Framework Act (PPPFA) ............................ 9
1.6 Broad-Based Black Economic Empowerment (B-BBEE) Legislation ................. 10
1.7 Treasury Regulations and Supply Chain Management Frameworks ................. 11
1.8 Emergency Procurement and Procurement Deviations ...................................... 12
1.9 Challenges Affecting Public Procurement in South Africa .................................. 13
QUESTION 2 ........................................................................................................... 15
2.1 Principles of Ethical Conduct as a Basis for Sound Public Financial Management
................................................................................................................................. 15
2.1.2 Integrity and Honesty .........................................Error! Bookmark not defined.
2.1.3 Accountability .....................................................Error! Bookmark not defined.
2.1.4 Transparency .....................................................Error! Bookmark not defined.
2.1.5 Objectivity and Impartiality .................................Error! Bookmark not defined.
2.1.6 Professional Competence and Due Care ...........Error! Bookmark not defined.
2.1.7 Confidentiality .....................................................Error! Bookmark not defined.
2.1.8 Value for Money .................................................Error! Bookmark not defined.
2.1.9 Ethical Conduct and Good Governance .............Error! Bookmark not defined.
2.2 Components of a Business Plan in the Public SectorError! Bookmark not
defined.
2.2.2 The Business Definition Component ..................Error! Bookmark not defined.
2.2.3 The Environment Component ............................Error! Bookmark not defined.
2.2.4 Financial Factors Component ............................Error! Bookmark not defined.
2.2.5 The Importance of Business Plans in Public Financial Management ........ Error!
Bookmark not defined.
BMZ ACADEMY 061 262 1185/068 053 8213
, THE BMZ ACADEMY
REFERENCES ......................................................................................................... 29
BMZ ACADEMY 061 262 1185/068 053 8213
THE BMZ ACADEMY
053 8213
BMZ ACADEMY 061 262 1185/068 053 8213Page 1 of 32
, THE BMZ ACADEMY
IMPORTANT NOTES TO CONSIDER
THIS IS ONLY A FRAMEWORK, NO ONE SHOULD SUBMIT IT FOR FINAL
ASSESSMENT.
STUDENTS SHOULD COMPLETE THEIR OWN ASSIGNMENT, BUT KEEP IN MIND
THE RULES/INSTRUCTIONS
AS A TIP, IF YOU FIND THIS GUIDE USEFUL, YOU CAN CALL/WHATASPP US IF
YOU WANT A UNIQUE AND CUSTOMISED SOLUTION, SOMETHING THAT WE
GIVE YOU ALONE AND NOT SHARED WITH OTHER PEOPLE NOR SOLD ON
STUVIA AND OTHER ONLINE SITES
********************************************************************************************
AT BMZ Academy, WE WISH YOU THE BEST IN ALL YOUR STUDIES.
WE ARE YOUR MATES TO PASSING EXCELLENTLY IN ALL YOUR STUDIES.
DO NOT FORGET TO REACH OUT TO US FOR ANY FURTHER AND OTHER
ASSISTANCE!
GOOD LUCKY
BMZ ACADEMY 061 262 1185/068 053 8213
, THE BMZ ACADEMY
Table of Contents
QUESTION 1 ............................................................................................................. 4
1.2 Constitutional Foundation of Public Procurement ................................................ 5
1.3 The Public Finance Management Act (PFMA) ..................................................... 6
1.4 The Municipal Finance Management Act (MFMA) ............................................... 8
1.5 The Preferential Procurement Policy Framework Act (PPPFA) ............................ 9
1.6 Broad-Based Black Economic Empowerment (B-BBEE) Legislation ................. 10
1.7 Treasury Regulations and Supply Chain Management Frameworks ................. 11
1.8 Emergency Procurement and Procurement Deviations ...................................... 12
1.9 Challenges Affecting Public Procurement in South Africa .................................. 13
QUESTION 2 ........................................................................................................... 15
2.1 Principles of Ethical Conduct as a Basis for Sound Public Financial Management
................................................................................................................................. 15
2.1.2 Integrity and Honesty .........................................Error! Bookmark not defined.
2.1.3 Accountability .....................................................Error! Bookmark not defined.
2.1.4 Transparency .....................................................Error! Bookmark not defined.
2.1.5 Objectivity and Impartiality .................................Error! Bookmark not defined.
2.1.6 Professional Competence and Due Care ...........Error! Bookmark not defined.
2.1.7 Confidentiality .....................................................Error! Bookmark not defined.
2.1.8 Value for Money .................................................Error! Bookmark not defined.
2.1.9 Ethical Conduct and Good Governance .............Error! Bookmark not defined.
2.2 Components of a Business Plan in the Public SectorError! Bookmark not
defined.
2.2.2 The Business Definition Component ..................Error! Bookmark not defined.
2.2.3 The Environment Component ............................Error! Bookmark not defined.
2.2.4 Financial Factors Component ............................Error! Bookmark not defined.
2.2.5 The Importance of Business Plans in Public Financial Management ........ Error!
Bookmark not defined.
BMZ ACADEMY 061 262 1185/068 053 8213
, THE BMZ ACADEMY
REFERENCES ......................................................................................................... 29
BMZ ACADEMY 061 262 1185/068 053 8213
