8 COMPANIES DISQUALIFIED IN SWADE’S E1.3M TENDER

MBABANE – Eight companies were disqualified in LUSIP’s E1.3 million security tender which stands to be granted to Awesome Security Services.

Tender results issued by the Swaziland Public Procurement Regulatory Agency (SPPRA) reflected that companies which did not make the cut were; Black Mamba Security Services, Top Two, Maximum Security Services, Bhandile Investments, Mzalsi Investments, Reaction Force Security, Mphohlo Investments and Guns & Batons Cuffs Security Services. No reasons why the above companies got disqualified were stated. 

The tender evaluation exercise was undertaken in accordance with the Public Procurement Act of 2011.

Development

In line with Section 45 of the Act, Swaziland Water and Agricultural Development Enterprise (SWADE) Chief Executive Officer (CEO) Samson Sithole issued an intention to award notice allowing tenderers a 10 working days period for the submission for any application for review. 

The notice, where it was disclosed that the proposed contract price would be E1 374 480, was first issued on July 12, 2018. After lapse of this period, a contract will be entered into with Awesome Security Services if there was no valid application for review received.
“The contract award decision does not constitute a contract,” clarified Sithole.  

     
Investment

The Government of Eswatini seeks to raise a loan of E509.6 million from the European Investment Bank to finance the Lower Usuthu Smallholder Irrigation Project’s (LUSIP) second phase.

The objective of the project was to alleviate poverty in the project area (lower Usuthu) by transforming the existing subsistence farmers into commercial farmers on irrigated lands producing both food and cash crops (principally sugar cane).
According to legal notice number 85 of 2018, Minister of Finance Martin Dlamini has been officially authorised to seek the loan for the project valued at over E2 billion.

Determine

The notice stipulates that proceeds of the loan would be paid into, and will form part of the Consolidated Fund or such other public fund whether existing or specifically established for the purpose of the loan, as Dlamini may determine.
In terms of repayment, it was explained that the loan would be disbursed in not more than 10 tranches payable over a period of 20 years after a grace period of five years for each and every tranche from the date of disbursement.

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