Definition
Specific industries (like "Bus bodies" or "Steel") where the government mandates a certain percentage of "Local Content" in the supply chain. When procuring goods in a designated sector, organs of state must award the contract only to suppliers who can meet the stipulated local content threshold.
Frequently asked questions
What is Designated Sectors?
Specific industries (like "Bus bodies" or "Steel") where the government mandates a certain percentage of "Local Content" in the supply chain. When procuring goods in a designated sector, organs of state must award the contract only to suppliers who can meet the stipulated local content threshold.
Which glossary terms are related to Designated Sectors?
Designated Sectors is a procurement term in the South African import/export industry. Related terms in the same area include Advance Payment, Bank Guarantee, CSD (Central Supplier Database), Documentary Collection, Forex Hedging — each has its own plain-English definition in the TradeCaravan glossary.