-Nhlangano Road
VISION
To be a leading audit and advisory firm of choice.
MISSION
To diligently and relentlessly provide: ● Quality and value added services to our clients.
Sustainable solutions for our clients. Values
Integrity
Professionalism
Excellence
Reliability
Commitment
Continuous development
Operating Philosophy
Ensure that clients get value for money from services.
Aim to provide long lasting solutions.
●
●
●
●
●
●
●
●
●
●
●
LANDE’’S PROFIILE:
Couto / Kukhanya Joint Venture, was awarded a contract without approval by funding agencies, the AG stated.
The funding agencies were the Arab Bank for Economic Development in Africa (BADEA) and Opec Fund for International Development (OFID).
This was a breach of the loan agreement, which had specified that the borrower should submit for BADEA’s prior approval all proposed contracts and orders for items to be procured out of the proceeds of the loan.
SUSPENDED
It must be said that Gabriel Couto demobilised from site and suspended their works. This was done in spite of the fact that a Joint Venture Agreement between Gabriel Couto and Kukhanya Civil Engineering had been legitimised by both parties on August 9, 2013, for the sole purpose of tendering for the Nhlangano-Sicunusa construction works.
The Portuguese civil construction company pulled out of the project despite the fact that it was a lead partner in the project. It held a majority shareholding of 70 per cent in the JV, while Kukhanya Civil Engineering settled for the balance.
It has to be said that the construction of the Nhlangano-Sicunusa Road has restarted on a high note.
Inyatsi Construction, the contractor, had temporarily left the project site in March 2022 after one of their TLB was petrol-bombed by unknown people.
According to the Ministry of Public Works and Transport, progress on MR13 was 27 per cent.
PROJECTED
The contractor has projected to complete the road by July 2023. Inyatsi has built highways and freeways in the country and outside the borders, including Zambia and Mozambique where it has a presence. Government, on its social media page, reported that 107 people were engaged to assist in the construction of the road. Thulani Mkhaliphi, the Principal Secretary in the Ministry of Public Works and Transport, could only say: “So far it’s looking good.”
In totality, government has estimated that the project would cost E1 852 666 000. Financial records indicate that government had spent E532 701 000 on MR3 by March 31, 2021.
It is projected that the money would reach E645 666 000 by March 31, 2022. It must be said that the E645 666 000 will reflect in the government financial books for the next financial year.
In the current financial year, government was expected to release E282 837 000 from loan funds for the construction part of the project and an additional E16 million from local funds for settlement of outstanding claims.