Question NW1890 to the Minister of Science and Technology
30 September 2016 - NW1890
Lotriet, Prof A to ask the Minister of Science and Technology
Whether any investigations have been launched by (a) her department and/or (b) the Technology Innovation Agency into the sale of the specified agency’s 49% shareholding in Kapa Biosystems to American shareholders for U$ 4.93 million, which was subsequently sold to a certain company (name furnished) for an alleged amount of U$ 445 million; if not, why not; if so (i) who conducted the investigation, (ii) what were the findings, (iii) will the findings be made available and (iv) by what date?”
Reply:
(a) The Minister established a task team to determine the facts of the matter and the most appropriate course of action.
- The Task Team is still determining the facts of the matter and the most appropriate course of action.
- There are currently no findings as the Task Team is still verifying the veracity of the allegations made.
- The Minister will advise Cabinet on the outcome of the assessment conducted by the Task Team.
- The date cannot be ascertained at this stage as the assessment is still ongoing.
9/1/4/5/2/A/2
THE MINISTER
QUESTION 1890 FOR WRITTEN REPLY: NATIONAL ASSEMBLY: DR A LOTRIET (DA): SALE OF TIA’S SHAREHOLDING IN KAPA BIOSYSTEMS TO AMERICAN SHAREHOLDERS
INTRODUCTION
- The above-mentioned question appears on the Internal Question Paper No. 28 dated 16 September 2016 for written reply in the National Assembly.
2. A draft reply to the question is enclosed in Pocket 2 for the Minister’s consideration.
Recommendations
3. It is recommended that the Minister approves the draft reply enclosed in Pocket 2 if the Minister concurs with its contents.
DIRECTOR-GENERAL
DATE:
QUESTION 1890 FOR WRITTEN REPLY: NATIONAL ASSEMBLY: DR A LOTRIET (DA): SALE OF TIA’S SHAREHOLDING IN KAPA BIOSYSTEMS TO AMERICAN SHAREHOLDERS
DECISION
Reply approved/not approved.
Further discussion required/not required.
Proposed date for discussion:
MINISTER OF SCIENCE AND TECHNOLOGY
DATE:
9/1/4/5/2/A/2
THE DEPUTY MINISTER
QUESTION 1890 FOR WRITTEN REPLY: NATIONAL ASSEMBLY: DR A LOTRIET (DA): SALE OF TIA’S SHAREHOLDING IN KAPA BIOSYSTEMS TO AMERICAN SHAREHOLDERS
Enclosed in Pocket 1, please find a copy of a submission to the Minister for your information.
DIRECTOR-GENERAL
DATE:
DECISION
Contents noted.
Further discussion required/not required.
Proposed date for discussion: ………………………………………….
DEPUTY MINISTER OF SCIENCE AND TECHNOLOGY
DATE:
ROUTE FORM
SUBMISSION TO THE MINISTER OF SCIENCE AND TECHNOLOGY
|
PROGRAMME |
2 |
FILE NO. |
9/1/4/5/2/A/2 |
|
SUBJECT |
QUESTION 1890 FOR WRITTEN REPLY: NATIONAL ASSEMBLY: DR A LOTRIET (DA): SALE OF TIA’S SHAREHOLDING IN KAPA BIOSYSTEMS TO AMERICAN SHAREHOLDERS |
|
ABBREVIATED DESIGNATION SURNAME AND INITIALS |
ELECTRONIC SIGNATURE |
COMMENTS |
|
B Durham CD: Bio |
|
M Muofhe DDG: TI |