Our Procurement and Vendor Management team assists the Bank’s front-line leadership in their procurement of third-party goods and services by providing specialist commercial contract and supplier relationship management services to the Bank and its suppliers. In addition, we collaborate with suppliers to ensure that the end-to-end “Source-to-Pay” experience for our colleagues is efficient, and that all agreements are mutually beneficial, transparent and fair.
In South Africa, the Bank is a leader in Broad-Based Black Economic Empowerment, which gives preference to goods and services that can be sourced from black-managed, owned and operated businesses. Outside of South Africa, we support the economic development of the countries in which we operate by procuring goods and services locally wherever possible. Our procurement policy and guidelines clearly set out the products and services that can be sourced locally and those which must be sourced centrally via Group Vendor Management and Procurement.
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