The Executive Authority must prescribe in accordance with section 65 a supply chain management policy which—
| (a) | is fair, equitable, transparent, competitive and cost effective; |
| (b) | promotes high ethical standards and prohibits fraud, corruption, favouritism and unfair and irregular practices; |
| (c) | requires disclosure of and deals appropriately with conflicts of interests; |
| (d) | establishes appropriate supply chain management processes and procedures, including— |
| (ii) | acquisition management; |
| (iii) | logistics management; |
| (vi) | regular assessment of supply chain performance; |
| (e) | complies with other applicable legislation¹; and |
| (f) | covers at least the matters specified in Schedule 3 to this Act. |
¹ This includes the Preferential Procurement Policy Framework Act, 2000 (Act No. 5 of 2000) and the Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003).
