RBIDZ is a state owned entity and has a responsibility to conduct procurement processes that are regulated by the relevant legislative framework.
The procurement process is bound and guided by various pieces of legislation including:
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The Constitution of the Republic of South Africa, Act 108 of 1996, s217 (1) to 217 (3)
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Public Finance Management Act 1 of 1999 (as amended by no 29 of 1999)
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Framework in terms of the Public Finance Management Act, 1999: Framework for Supply Chain Management
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Treasury Regulations for departments, constitutional institutions and public entities issued in March 2005 in terms of the PFMA
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The Preferential Procurement Policy Framework No. 5 Act of 2000
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Preferential Procurement Regulations of 2001
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Broad Based Black Economic Empowerment Act, No 53 of 2003 and its associated Codes of Good Practise
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National Treasury SCM guidelines and practice notes