Question NW1905 to the Minister of Tourism
07 July 2017 - NW1905
Rawula, Mr T to ask the Minister of Tourism
Whether (a) her department and (b) each entity reporting to her appointed transaction advisors for tenders in the period 1 January 2012 to 31 December 2016; if so, (i) who were the transaction advisors that were appointed for the tenders, (ii) for which tenders were they appointed, (iii) what was the pricing for the tenders in question and (iv) what amount were the transaction advisors paid?
Reply:
a) The department
- No transaction advisors for tenders were appointed for the mentioned period.
- Not applicable
- Not applicable
- Not applicable
b) SA Tourism
SA Tourism appointed transactional advisors for tenders within the period in question.
- Grant Thornton PS Advisory (Pty) Ltd
- Sourcing a Strategic partner to operate SA Tourism’s owned Exhibitions i.e. INDABA and MEETINGS AFRICA. The potential strategic partnership was to exclusively manage the 2 trade exhibitions and bring with it extensive tourism trade exhibition experience including an existing network of buyers, technology systems, capital investment, risk sharing arrangements and global brand strength.
- Strategic partner to provide equity investment as well as share risk and profits
- R 68 536.80