JOHANNESBURG - The contract between the City of Tshwane
and PEU Capital Partners (PEU) has been declared on Friday at Gauteng High
Court in Pretoria.
It has taken nearly four
years to get to this point, but AfriBusiness has succeeded in halting a payment
of R950 million from the city to PEU.
Judgement with costs was
handed down in favour of AfriBusiness who argued that the contract did not
adhere to proper tender and procurement procedures as prescribed by the
Constitution and procurement legislation.
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Initially the application
was brought against both the City of Tshwane
and PEU, but after the regime change from ANC to DA in August 2016, the city
has changed it stance and supported AfriBusiness’ application.
Law and Policy Analyst at
AfriBusiness Armand Greyling, “We are extremely satisfied with the outcome in
court today. The City of Tshwane
should never have entered into this contract with PEU. The tax money that was
saved can now be utilised by the city for other projects, to the benefit of
citizens.”
“As a business rights
organisation we will continue to pursue a free market business environment and
will also continue to fight matters where there is clear fruitless, wasteful
and irregular expenditure by the state,” says Armand Greyling.”