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Business case for regulations for government-owned enterprises
Application of fit-for-purpose and business conscious procurement regulations, policies and procedures for direct purchases would surely and greatly contribute in turning around their fortunes.
As required under Sections 7 and 9 of the Government Owned Enterprises Act (GOEA,2015), a GOE shall operate on commercial principals for profit, be self-financing and self-sustaining and with a defined income stream.
Effective, efficient and agile management of direct purchases shall be one of key enablers for the realisation of the above requirements.
