I have been informed by SAPO as follows:
(a) The premises is located at the Mr Price Building, a sub-division of Plot 6, Vredenhof Smallholdings, No 2708, Langenhovenpark, Nelson Mandela Drive, Langenhovenpark, Bloemfontein.
(b)(i) Period of lease was 3 years
(ii) The Michael Family Trust
(iii) Rental amount per month as follows:
Year 1: Rental R 245 272.00, plus R2,250.00 for 15 basement parking bays
Year 2: Rental R 264,893.76, plus R2,250.00 for 15 basement parking bays
Year 3: Rental R 286,085.26, plus R2,250.00 for 15 basement parking bays
(c) No proposal or request for tender was issued because the feasibility analysis to determine the availability of suitable buildings to house the Postbank Operations Centre in the Bloemfontein area, was conducted internally.
Following further discussions between SAPO Properties Division and the Managing Director (MD) of the Michael Family Trust, Postbank recommended that a lease agreement for the Langenhovenpark premises be entered into as a temporary site, while a new long term accommodation is explored. Approval was therefore, granted by the Group Chief Executive Officer (GCEO), for a lease agreement of three years with the Michael Family Trust as a single source procurement, which was within the Procurement Framework and Delegation of Authority.
Approved/ not approved
Dr Siyabonga Cwele, MP
Minister of Telecommunications and Postal Services
Date: