👉 The term "institor" is a legal term used in South Africa. It refers to the act of procuring, buying or purchasing goods from another party. This process can be facilitated through various means such as auctions, direct sales, or through partnerships with suppliers. In South Africa, institors are typically involved in the supply chain management and procurement processes. They work closely with businesses to find the best prices for products and services while ensuring that they comply with local regulations and standards. This involves negotiating