a) What was the original budgeted cost of the Royal Khalanga Lodge in Limpopo?
Phase 1: (June 2010 – June 2012) – The budget was R19, 000,000
Phase 2: (February 2014 – April 2016) – The budget was R23, 512,500,000
b) What additional costs have been incurred over and beyond the original budget?
Phase 1: No additional costs were incurred over and beyond the original Phase 1 budget.
Phase 2: No additional costs were incurred over and beyond the original Phase 2 budget.
c) What are the estimated costs to complete the project?
The project is completed. The actual costs incurred for:
Phase 1: Actual cost incurred was R18, 853,709 and for
Phase 2: Actual cost incurred wad R23, 347,912.
d) What is the estimated total cost of the project upon completion?
The project is completed. The actual total costs incurred for both Phases 1 and 2 is: R42, 201, 621.