Crude oil prices have been plummeting for months, and on Monday, they hit a low not seen since March 2009. The benchmark U.S. oil price fell to a 6-year low of $42.85 a barrel yesterday. A rising U... ...read more

Darlene Nicosia takes over as CPO at Coca-Cola as Ronald Lewis moves to Coca-Cola Enterprises to become senior vice president, supply chain. © Coca-Cola Company Coca-Cola has appointed a new chief procurement officer, ahead of the departure of the ...read more

Millennials are poised to become the majority of the American workforce by 2016, and the supply chain should take notice. A new study from IBM reveals that ...read more

ICS Cool Energy are working with procurement platforms to help standardise and streamline procurement processes ...read more

Any discussion of the future of procurement has to include a discussion of the role data analytics – or “big data” – will play. In many respects, it may well be the future of procurement. ...read more

Africa is losing more than $50bn (£33bn) every year in illicit financial outflows as governments and multinational companies engage in fraudulent schemes aimed at avoiding tax payments to some of the world’s poorest countries, impeding development ...read more

Prasa CEO Lucky Montana says small black businesses will get a role in the manufacturing of 580 train-sets to be built in South Africa up to 2035 ...read more

President Uhuru Kenyatta has reiterated that state officials must adopt the e-procurement system. “I am reminding government officials that they are left with one week. All those in charge of government agencies will be held personally responsible ...read more

An innovative partnership in five African countries seeks to promote the right to adequate food by reducing the social and nutritional vulnerability of poor, small-scale farmers and school pupils. ...read more

Many employers’ “required” skill-sets seem to include everything but the ability to teleport and build a Shaker barn. ...read more

When President Jacob Zuma addressed the inaugural meeting of the Broad Based Black Economic Empowerment Council (B-BBEE Council) this week, he put emphasis on the urgency of implementing our economic policies so as to effectively transform its structure ...read more

CFOs are removing some of the barriers that have traditionally existed between treasury and procurement functions. Julian Eyre, a commodities and corporate treasury specialist at the financial technology provider OpenLink, pointed out that this is ...read more

The failure of one in seven small and medium-sized enterprises (SMEs) within the first year of operation was not a result of a lack of access to funding, asserted Absa South Africa head of business banking Happy Ralinala. ...read more

An organization’s procurement function is fast becoming a key component of its overall strategic approach for top line growth. Chief Procurement Officers (CPOs) are now being given a seat at the strategic decision-making table, as business heads ...read more

The seasonally adjusted Kagiso Purchasing Managers’ Index (PMI) fell by a steeper-than-expected 6.6 index points to 47.6 in February, driven chiefly by a 16.2-point decline in the business activity index (BAI) to 45.5. While January’s figure was “artificially ...read more

Lonmin is bracing itself for a bitter fight as members of the Bapo ba Mogale community go to court this week in a bid to unravel its R664m empowerment deal ...read more

The U.S. finalized a deal Thursday that commits five African countries to reducing trade barriers in a plan that also provides them with technical assistance to export mostly African agricultural products to American consumers. ...read more

Pretoria - South African and Indian companies should take advantage of the growth and economic development in each other’s countries, says Trade and Industry Deputy Minister Mzwandile Masina. “There are great opportunities offered by both ...read more

Is formal legislation the way to bring down payment terms that stretch beyond 60 days, and what role should procurement play? As a business community, what can or should we be doing about the length of payment terms? Over the last few months there ...read more

TOTAL government spending has been reduced by R25bn, or one percent of the projected budgets in the 2015-16 and 2016-17 financial years. In addition, government has placed R45bn in an unallocated reserve for 2017-18 to serve as a buffer against fiscal ...read more

The SA Post Office (Sapo) will review its business operating models, according to the 2015/16 budget documents tabled in Parliament on Wednesday. Its focus over the medium-term was on stabilising business operations and aligning business models with the ...read more

Energy Minister Tina Joemat-Pettersson confirmed on Tuesday that 77 bids were received by the August 18, 2014, submission deadline for the fourth bid window under government’s Renewable Energy Independent Power Producer Procurement Programme (REIPPPP ...read more

The South African government has set aside 30% of all government contracts to support small businesses and co-operatives in a bid to boost township and rural economies. ...read more

As part of Spend Matters focus on Talent this month we are contributing a series of articles relating to the subject of recruitment and retention of outstanding procurement professionals.A great recruitment strategy actually starts with the retention ...read more

Global companies are wasting more than $30 billion (£20 billion) a year because they do not share information about suppliers, according to business information provider Achilles. ...read more