Question NW1903 to the Minister of Finance

Reply:

NATIONAL TREASURY

(a) No

1. N/A
2. N/A
3. N/A
4. N/A

ASB

The Accounting Standards Board has not issued any tenders, nor have we appointed any transaction advisors for tenders in the period 1 January 2012 to 31 December 2016.

CBDA

CBDA did not appoint any advisors for tenders

DBSA

(a) NO

(i) (ii) (iii)(iv) N/A

FSB

No such appointments were made by the Financial Services Board.

(i) – (iv) not applicable.

FIC

The Financial Intelligence Centre did not appoint transaction advosirs for tenders in the period 1 January 2012 to 31 December 2016

GEPF

The GEPF did not appoint any transaction advisors for any of the tenders it has issue since 1 January 2012 – 31 December 2016.

GPAA

No transaction advisors for tenders were appointed for the period 1 January 2012 to 31 December 2016.

IRBA

IRBA does not appoint transaction advisors for tenders, except when expertise is required, for example for IT specification. Therefore a technical expertise was appointed to advise the IRBA on the tender for an IT service provider as follows;

1. Chrono-Logic Consulting
2. IT Tender
3. R3 507 232.90
4. R147 744.00

No other transaction advisors were appointed for tenders in the period 1 January 2012 to December 2016.

PFA

The OPFA did not appoint any transaction advisors for tenders in the period 1 January 2012 to 31 December 2016.

LAND BANK

For the period, 1 January 2012 to date the Land Bank engaged the services of consultants on the following two (2) occasions for assistance with the development of technical criteria of the specialised services referred to below:

1. Tender for Banking Services

  (i) Deloitte was appointed to advise on the technical criteria for the tender. The tender was managed by the Bank’s Procurement Division and evaluated by the Land Bank evaluation committee.

   (ii) Tender for Banking Services.

   (iii) The tender was awarded based on cash flow and financial projections with a net interest benefit of approximately R18 million to the Bank.

   (iv) Deloitte was paid a fee of R426 799 (excl VAT) for services rendered.

2. Tender for Asset Management Services for the Land Bank Insurance Company

   (i) Independent Actuaries & Consultants (Pty) Ltd (IAC).

   (ii) IAC was appointed to advise on the technical evaluation criteria for asset management services as the Land Bank and its Insurance subsidiary did not have the technical expertise to develop the criteria.

  (iii) At the time of rendering the services, IAC was contracted to the Land Bank Insurance Company for other actuarial services and offered to render their services in assisting with the development of the technical criteria pro bono. The only additional cost incurred for their services in terms of this tender was for flights that amounted to approximately R8000.

FAIS OMBUD

No transaction advisors for tenders were appointed in the period 1 January 2012 to 31 December 2016.

PIC

All corporate tenders of the Public Investment Corporation (PIC) are subject to the requirements of the Public Finance Management Act (PFMA) of 1999. The PIC diligently complies with the PFMA. The PIC has not appointed transaction advisors for its tenders for the period 1 January 2012 to 31 December 2016.

SAA

1. BnP capital (Pty) Ltd were appointed as transaction advisors for the tender.
2. Financial Advisory Services tender.
3. The pricing for the tender was R2 689 830.00.
4. The transaction advisors were paid R0.00. The award was cancelled after the service provider’s FSB license was revoked and no payment was made to the service provider.

SARS

We wish to confirm that after looking into SARS Procurement, we do not have any records for the appointment of Transaction Advisors for tenders over the period in question.

SASRIA

Year	Advisor name	Services rendered	Advisor contract price	Tender	Total tender price
2013	SNOW Consultants Inc	Interior design, space planning, furniture design, consultant management, contract management & architectural documentation services	R454,910	New office interior fit-out (phase I)	R12.412,839
2014	SNOW Consultants	Interior design, space planning, furniture design, consultant management, contract management & architectural documentation services	R236,425	New office interior fit-out (Phase I)	R1,614,806
2015	SNOW Consultants	Interior design, space planning, furniture design, consultant management, contract management & architectural documentation services	R256,500	Office interior fit-out (Phase III)	R1,725,230
2016	Optiflex	Take part in and give input in the adjudication process for the IT architecture (enterprise development) Take part in an interview process	R2500 Per hour	Enterprise architecture Framework	N/A Tender not finalized
2015	Alexander Forbes	Investment consultancy	R47 549	Fixed Income Tender	Amount Based on Income %

TAX OMBUD

The Office of the Tax Ombud has not made any appointments of transaction advisors for tenders in the period 1 January 2012 to 31 December 2016.