SPEDU dodges auction

  • April 20th, 2021 - 54 secs read

SPEDU dodges auction

SPEDU - an investment promotion firm based in Selebi Phikwe - will not be auctioned, company spokesperson, Shiellah Moakofi has said.

WHAT REALLY HAPPENED: This comes after Marcian Concepts, a company that won a works contract for the design and build of Phase I infrastructure in Bolelanoto and Senwelo industrial sites in Selebi-Phikwe instructed sheriff to attach and take into execution property belonging to SPEDU worth P31 million. SPEDU owed the company but did not comply with its obligations.

WHAT DID MOAKOFI SAY: Moakofi explained that government and Marcian Concepts Pty Ltd continue to engage to resolve all matters pertaining to the contract. She said SPEDU continues with its usual business of investment promotion and facilitation.

HOW DID SPEDU FIND ITSELF IN THIS POSITION: The Director General of the Directorate of Intelligence and Security (DIS), Peter Magosi ordered the cancellation of the contract citing security issues. Meanwhile, on March 29, 2021 acting SPEDU chief executive officer (CEO), Jazenga Uezesa requested the contractor’s indulgence for 14 working days effective March 30, 2021 to April 16, 2021 in order to continue engagements with the relevant stakeholders on the matter.

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