Question NW2199 to the Minister of Small Business Development
07 November 2016 - NW2199
Chance, Mr R to ask the Minister of Small Business Development
(1)Does a certain person (name furnished) have any shares in a certain company (name furnished), which is a service provider of the National Gazelles Programme; if not, what is the position in this regard; if so, what percentage shareholding does the specified person have in the specified service provider; (2) what amount did her department pay to the service provider for consulting fees in the (a) 2014-15 and (b) 2015-16 financial years?
Reply:
- Yes the person (name furnished) has shares in the company mentioned and the company is the service provider of the Gazelles Programme. The person concerned has 40% shares in the company concerned which are in the process of being disposed.
- There was no expenditure for 2014-15 financial year. For 2015-16 financial year the department incurred the costs to the tune of R22 085 000.00 towards the implementation of the programme, broken down into the following expenditure items:
