Old Mutual SA (OMSA) has established a Governance for procuring goods and services, to ensure that appropriate business practices are adhered to by both employees and suppliers alike.
Included are the following:
- The value of every procurement assessment is based on the ‘total cost of ownership’ (including price, quality, service and administration).
- Employees who procure goods and services must obtain competitive bids from suppliers.
- Suppliers must ensure compliance with all legislative and regulatory requirements as well as with service level agreements.
- Transformation is a fundamental part of Old Mutual’s ongoing commitment to Broad-Based Black Economic Empowerment. Our Enterprise Development Programme is aimed at empowering black women-owned and majority women-owned enterprises with the view to growing their businesses, by directing more spend to these companies.
- Old Mutual recognises that it has a crucial role to play in respect of environmental issues and therefore, look favourably upon suppliers who have a formalised environmental policy.
- Suppliers must furnish a compliant tax invoice including a valid purchase order number to ensure prompt payment.
- Suppliers and contractors, who conduct work and services for Old Mutual Investment Group Property Investments (OMIGPI), must comply with the Occupational Health & Safety Act and other legislative requirements, as well as Old Mutual’s safety rules, regulations and related policies. They should also be in possession of a documented safety plan.
Existing Suppliers
Old Mutual requires existing suppliers to submit BEE status information by completing the form below. This specifically (but not exclusively) applies to those suppliers whose annual turnover during their last financial year was less than R5 million.
Please print this form, complete it and fax to:
021 509 341 or 086 653 1218