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Sars decision to re-establish its Large Business Centre will undoubtedly ease the administrative and compliance burden of big business and high net-worth individuals. ....
In the six months to end-December, Remgro saw its headline earnings per share jump by more than 139% as its investee companies bounced back from the pandemic. ....
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. ....
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 10 February 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. ....