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Supreme Court decision on pension funds heralds new dawn in tenders
The framework remains robust enough and faithfully complied with and enforced should guarantee transparency, accountability and sustainability in the running of the schemes in guaranteeing member interests.
A recent Supreme Court decision marks a new era in procurement by public pension funds, coupled with the need for enhanced governance of these schemes.
Article 227(1) of the Constitution was enacted to ensure procurement of all goods and services by public entities is undertaken through a system that is fair, equitable, transparent, competitive and cost-effective.
