Oct 8, 2018 SOURCE: © CTO Data Services Co.
UPDATED SOUTH AFRICAN DIP GUIDELINES FOCUS ON SMALL AND BLACK-OWNED ENTERPRISES
South Africa’s Armscor has amended its Defence Industrial Participation (DIP) guidelines to boost the prominence of SMEs and black-owned enterprises.
Defence contractors must put all of their offset obligations into Black Economic Empowerment (BEE)-compliant, Black-Owned, or Enterprise and Supplier Development (ESD) businesses.
A “BEE-Compliant” business has at least 25.1 percent black-ownership. A...
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