Cape Business News
May 27, 2021
According to MoneyWeb The losing bidder, Instrument Transformer Technologies, faces liquidation as a result.
One of just two local manufacturers of electrical transformers says it faces liquidation after a procurement team at Eskom handed two contracts worth R341 million to the more expensive bidder, which it says should have rightfully have gone to it.
That much is not in dispute.
Eskom’s own lawyers have admitted that three contracts for the supply of electrical transformers were awarded to Actom, even though it was more expensive on two of the bids.
How did that happen?
Eskom’s lawyers, Cheadle Thompson & Haysom, in a letter to Instrument Transformer Technologies (ITT) dated February 10, 2021, explain that the record of the tender compiled by Eskom’s procurement team made the most elementary of ‘errors’: the prices recorded for ITT included Vat, but excluded them for Actom.
Simon Nash, the chairperson of listed industrial company Cadac, has been handed a two-month suspended jail sentence after being found guilty of contempt of court.
He said investigators told him Ndlovu might have used live ammunition when he allegedly shot Amos.
Mlindazwe added on 30 March 2020, during the reconstruction of the scene, he was told by a witness Ndlovu was standing close to Amos when the shots were fired.
The shooter was standing about 2m away from the victim. The shooter used deadly ammunition.
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He said the shotgun was not loaded with rubber bullets. A rubber bullet is not meant to kill, but the live ammunition is deadly and kills. Firing a shotgun is not an easy and quick process for someone who has never used it before. Immediately, when the gun is fired, pellets from live ammunition spread in different directions.
The tone for the country’s political week was set by the testimony of investigator Paul Holden to the commission on Monday, 24 May – an endless recital of figures with astounding amounts of zeros, millions and millions of taxpayers’ money laundered through the Gupta washing machines.
PHOTO: File, City Press
The Special Tribunal of the state’s corruption-fighting investigating unit has denied a former Transnet executive leave to appeal its ruling that his assets must be seized pending civil proceedings.
Former Transnet group executive for capital projects Herbert Msagala is accused of receiving R18.4 million as part of tender corruption.
The Special Investigating Unit (SIU) brought its case against Msagala to its tribunal in July 2020.
It related to a contract for a fuel pipeline between Durban to Heidelberg. IGS Consulting Engineering Services CC, whose sole member was Sipho Sithole, was awarded contracts as part of the project.