Question NW1876 to the Minister of Small Business Development

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04 December 2017 - NW1876

Profile picture: Mulaudzi, Adv TE

Mulaudzi, Adv TE to ask the Minister of Small Business Development

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:

The response uses the perspective of Transaction Advisors in the context of financial advisors, accountants, business deal advisors, banks, insurance advisors, contract lawyers etc.

a) The Department of Small Business Development (DSBD)

Not applicable to DSBD in relation to financial transactions recorded on the financial systems.

b) Entities

Small Enterprise Development Agency (SEDA)

SEDA has not appointed transactional advisors for tenders for the period 1 January 2012 to 31 December 2016.

 

Small Enterprise Finance Agency (SEFA)

2014/2015 Financial Year

No

(i) Transactional Advisors/ Successful Bidder Name

(ii) Details

(iii) Pricing

(iv) Amount Paid

   

Tender Number

Description

Tender Amount (VAT Incl)

 

1

Ethoss Performance Management (Pty) Ltd

FIN/003/2014

Appointment of a Financial Modelling

R1 937 480.16

(Expansion R306 743.22.00)

R 2 244 223.38

2015/2016 Financial Year

No

(i) Transactional Advisors/ Successful Bidder Name

(ii) Details

(iii) Pricing

(iv) Amount Paid

   

Tender Number

Description

Tender Amount (VAT Incl)

 

1

1. Phakamani Debt Collection

2. Revenue Consulting

3. Ramatshila -Mugeri

4. IDP Tracing Service

5. Asili Risk Management

6. Kunene Ramapala

000/LEG/2015

Appointment of Debt Collection Agencies

Commission based Contract 15% exc VAT

R764 668.57

Refer to Annexure A, Table 1 for further details.

2

Matlotlo Group (Pty) Ltd

012/KCG/215

Appointment of service provider for Actuarial Service for Khula Credit Guarantee for period of three (3) years

R 1 855 350.00

R 1 009 430.10

3

Continuity SA (Pty) Ltd

013/CRO/2015

Appointment of External Business Continuity Management Service Provider

R 456 000.00

R 456 000.00

FY 2016/2017 Financial Year

No

(i) Transactional Advisors/ Successful Bidder Name

(ii) Details

(iii) Pricing

(iv) Amount Paid

   

Tender Number

Description

Tender Amount (VAT Incl)

 

1

Mthente Research Projects

08/CRO/2016

Conducting Annual Review of Small Business & Cooperatives

R 1 250 516.92

R 625 258.48

2

Panel of Mentors

07/PIM/2016

Panel of Mentors

Based on approved Professional Rate

R 511 655.45

 

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