Question NW1874 to the Minister of Economic Development

Share this page:

31 July 2017 - NW1874

Profile picture: Mbatha, Mr MS

Mbatha, Mr MS to ask the Minister of Economic Development

Whether (a) his department and (b) each entity reporting to him 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?


The EDD, Competition Tribunal, ITAC and Competition Commission did not appoint any transaction advisors for any tenders in the period 01 January 2012 to 31 December 2016.

The IDC engages the services of transaction advisors in the execution of some of its strategic business related activities.

For the period 01 January 2012 to 31 December 2016, the following transaction advisors were appointed by the IDC:


(i) Name of Transaction Advisor

(ii) Tender description

(iii) Tender pricing

(iv) Amount paid to date


Nedbank Capital and Basis Points Capital (Pty) Ltd Joint Venture

Financial Valuation of TargetCo

R 750,000

R 750,000


PriceWaterhouseCoopers Incorporated

Transaction Advisory Services for the Masorini Steel Project

R 3,506,800

R 3,049,919


PSG Capital (Pty) Ltd

Transaction Advisor for the UCW Transaction

R 2,351,114

R 2,351,114


Sasfin Bank Ltd

Independent financial valuation of United Carriage Wagons

R 200,000

R 200,000


Ernst & Young Advisory Services (Pty)

Transaction advisor on the Corporatisation of Scaw

R 17,256,155

R 13,520,721


Rothschild (South Africa) (Pty) Ltd and Identity Capital Partners (Pty) Ltd Joint Venture

Transaction advisory services to the IDC to identify strategic equity partners to its subsidiary, Scaw

R 17,500,000

R 7,579,905


Source file