Developers of The Leonardo ordered to pay Aveng R81m
But dispute the decision, which now goes to arbitration.
Source: moneyweb.co.za
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Eskom loses battle to cancel R5.2bn tender
Eskom loses battle to cancel R5.2bn tender By Chris Ndaliso Share Durban – ESKOM has suffered an embarrassing defeat in its attempt to cancel a R5.2 billion fuel tender with black-owned company Econ Oil when an arbitrator ruled that a contract existed between the two parties. Econ Oil had taken the matter to arbitration when the power utility decided to cancel the tender, with Eskom questioning the adjudicator’s jurisdiction on the matter. The adjudicator, Kevin Trisk SC, said he felt that a valid, binding and enforceable contract was concluded between the parties on November 8, 2019. He ...
Source: iol.co.za