2019-w1398 - 06 December 2019

Mergan Chetty to ask the Minister of International Relations and Cooperatives

Whether, with reference to the New York Project (NYPP) and the alleged contradicting reports by officials, she can indicate (a) if the agreement on the NYPP in any way entails an agreement between her department and a Gupta – subsidiary company, (b) what total amount has her department paid to date in respect of the project and (c) what will be the penalties if her department cancelled the agreement. NW2612E

Reply from the Minister of International Relations and Cooperatives on 6 Dec 2019

a) No, the agreement is between the Department and Simeka Group (Pty) Ltd and Regiments Capital (Pty) Ltd. The appointed companies incorporated a Special Purpose Vehicle in terms of the Companies Act, viz Lemascene (Pty) Ltd and the Department concluded a Project Preparation Agreement with Lemascene (Pty) Ltd

b) The amount paid spent USD 9 million (R 117 million).

c) The penalties are not ...

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