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MVA’S E0.5M TENDER FOR GYM

26/04/2018 07:29:00 BY KWANELE DHLADHLA

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MBABANE – The Sincephetelo Motor Vehicle Accident Fund (SMVAF) stands to pay up to slightly above E500 000 for gym management services.

In tender results issued by Chairman of the Procurement Committee Martin Simelane, it has been disclosed that the exact value to be paid out to Ripples Active is E527 064, excluding Value Added Tax which currently stands at 14 per cent. This company outsmarted The Fiteness Zone and The Active Matrix, in the tender evaluation exercise undertaken in accordance with the Public Procurement Act of 2011.

An independent analysis of the evaluation results reflects that Ripples Active, which scored 78 per cent overall, had actually been the lowest evaluated tenderer. The second highest bidder was The Fitness Zone, which priced its bid at E585 600, and scored 57 per cent during evaluation.

The highest bidder which felt the tender was actually more than a million was The Active Matrix who priced their bid at E1.4 million.
“The contract award decision does not constitute a contract,” said Simelane.

Simelane further notified all tenderers who submitted bids that a 10-day working period was being allowed for the submission of any application for review of the tender results.
It should be mentioned that SMVAF cashed in nearly E100 million from fuel levies per oil company in respect of fuel imported and sold in the country.

The fund’s annual report for the year ended March 31, 2016 reflects that the actual value of money injected into their coffers from the fuel levy increased from E94 273 019 in 2015 to E99 794 461 in 2016.
The main income received by the fund is a levy based on fuel sales, known as the Motor Vehicle Accident Fund Levy. The levy income is a charge levied on fuel throughout the country and the rate of the levy per litre is determined by the Ministry of Finance in consultation with the Minister of Natural Resources and Energy.

“The fund recognises revenue from fuel levies when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the fund. Revenue is measured at the fair value of the consideration received or receivable,” read the report in part.

An analysis of the levies received from five companies, namely Chevron Swaziland Limited, Engen Swaziland Proprietary Limited, Total Swaziland Proprietary Limited, Exel Petroleum Swaziland and Galp Energia Swaziland Proprietary Limited reflected that the highest contributor was Galp Energia Swaziland at E34 803 707.