Tag: Chartered Institute for Procurement & Supply (CIPS)

Cyber risk is no longer a peripheral IT issue in African supply chains. Instead, it is becoming a core operational threat. According to the Association of Chartered Certified Accountants (ACCA), 70% of organisations report experiencing fraud or economic crime. Cyber-enabled fraud ranks among the fastest-growing categories globally, according to the ACCA Global Economic Crime and Fraud Survey.

Weak accountability, limited skills, and slow consequence management continue to undermine procurement reform. Despite years of regulatory efforts, irregular expenditure and procurement failures persist. These issues have eroded governance and public trust in South Africa.

South African companies are stepping up as global procurement increasingly pivots toward environmental, social and governance (ESG) priorities. Procurement goes green as several firms set the pace for eco-conscious sourcing and operations.

Artificial Intelligence (AI), cybersecurity and advanced analytics are no longer optional extras - they are reshaping the very fabric of global supply chains. As digital transformation accelerates worldwide, South African businesses are increasingly stepping up to lead this shift.

Procurement and supply body adds voice to discourse over legislation and calls for more radical reforms to root out corruption. We have submitted a series of detailed recommendations for South Africa’s Public Procurement Bill with the intention of advancing the principles of ethical procurement practices within the Southern Africa region.