Data provided by McGregor BFA
All data is delayed
Loading...
See More

R1bn tender awarded to Zuma funder

Jan 18 2013 09:24 Sapa


Related Articles

Zuma's nephew in bus tender dispute

Tender trouble at waste company

Pilgrim's Rest tender war rages on

R52m tender trips up Malema

Global giants eye SA rail tenders

Hawks probe R23m Gauteng contract

 

Johannesburg - A R1.25bn contract to supply electricity meters to the City of Johannesburg was manipulated to benefit Durban businessman Vivian Reddy, said to be a close friend of President Jacob Zuma, according to a report on Friday.

According to the Mail & Guardian a number of key discrepancies in the contract had been uncovered.

There were detailed allegations that an initial technical evaluation scoresheet was amended to improve the results for Reddy's company, Edison Power.

The revised scoring had pushed another bidder, Hefcom, below the cut-off 70% technical score.

When price was factored in Hefcom would have scored better than Edison. Hefcom's bid was also half the cost of Edison's.

According to the Mail & Guardian, a letter informing Edison it had won the bid was dated before City Power, the City of Johannesburg's utility, supply chain management even received the bid recommendation or the chair of the adjudication committee had signed off on the decision.

Edison's share of the contract was increased from the initial recommendation of a R600m share of an R800m contract to an exclusive contract for R1.25bn.

The City and its utility City Power, which procured the meters, had denied any irregularities, according to the newspaper.

According to the report there was no evidence suggesting foul play on the part of Reddy or Edison.  

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

vivian reddy  |  jacob zuma  |  tenders  |  corruption
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
63 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're Talking About: Small Business

Standard Bank is looking for 12 entrepreneurs to participate in a 10-part TV series. They could win a R1m investment into their dream.
 
 

Numsa prepares for life after Cosatu

Numsa has not only reiterated its call for President Jacob Zuma to resign but it is also preparing for life outside of Cosatu, a report states.

 
 

Latest elections multimedia

Why Jack Parow wants you to vote on 7 May
The ad the SABC doesn't want to air
Elections 2014 in one cartoon
This year's election posters

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...