Zac�s P330m tender dispute nears finality
Friday, January 27, 2017
Zac, a company owned by prominent businessman Nicholas Zakhem, filed an appeal last year after the High Court had ruled against the company’s earlier application.
The company had sought the High Court to review and set aside the PPADB’s decision not to award it the multi-million pula tender for the construction of infrastructure development in Metsimotlhabe Block 4.
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...