ColabIT is in the process of developing robust Preferential Procurement processes that influence both the purchasing behaviour of the company, as well as the understanding of our suppliers from a transformation perspective. Part of this journey includes the support and development of SMME’s and is underpinned by our Preferential Procurement Policy:

• Affirmative procurement in ColabIT is based on a plan to facilitate B-BBEE. Implementation and progress is monitored by the organisations Board
• The objective is to enhance long-term economic sustainability and viability of all parties
• Despite the high priority and focus on B-BBEE, all transactions adhere to acceptable business practices and industry standards such as quality, timeous delivery and controls
• Special internal arrangements are however made with respect to payment of B-BBEE SMME companies, particularly QSEs and EMEs (such as early/weekly payments, access to markets and procurement, payments not later than 7 or 15 days after date of invoice or delivery, etc.) to improve cash flow and alleviate financial pressures