Question NW4015 to the Minister of Public Enterprises
02 January 2018 - NW4015
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 |
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(2) |
Yes |
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(a) |
Not applicable |
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(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. |
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