Question NW4015 to the Minister of Public Enterprises

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02 January 2018 - NW4015

Profile picture: Marais, Mr EJ

Marais, Mr EJ to ask the Minister of Public Enterprises

On what date was a certain company, namely Scarlet Skye Investment appointed by Alexkor Pooling and Sharing Joint Venture in the Richtersveld; (2) was a tender process followed; if not, (a) why not and (b) what are the conditions of the appointment? NW4561E

Reply:

(1)

Scarlet Skye Investment (SSI) was appointed on 01 March 2015

(2)

Yes

 

(a)

Not applicable

 

(b)

Scarlet Skye Investment (SSI) were appointed with the following conditions:

i) To conduct tender of diamonds over 8 (EIGHT) sales cycle per annum;

ii) Marketing of diamonds;

iii) Valuation of diamonds s;

iv) Agree on reserve price of diamonds with the Pooling and Sharing Joint Venture (PSJV) once the Diamonds are Valued;

v) Prepare supply of diamonds for obligatory 10% (TEN PERCENT) sample for the State Diamond Trader and oversee the process of such sale with the authorized representative of the PSJV; Beneficiate 5% (FIVE PERCENT) by value of the diamonds s;

vi) Prepare the remaining 85% (EIGHTY FIVE PERCENT) of diamonds supply for Sale on Tender; and

vii) 1.5% (ONE POINT FIVE PERCENT) Commission is paid to SSI.

 

   

Remarks:

   

Reply: Approved / Not Approved

       

Mr Mogokare Richard Seleke

 

Ms Lynne Brown, MP

   

Director-General

   

Minister of Public Enterprises

Date:

   

Date:

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