The High Court in Pretoria has set aside a R2bn smart meter contract between the City of Tshwane and service provider PEU Capital Partners (PEU). On Friday, Tshwane mayor Solly Msimanga said in a statement that a full bench had delivered the judgment on the case initially brought by lobby group AfriBusiness in 2013, arguing that it was irregularly awarded. "When the Msimanga administration assumed office in August last year, we inherited a R2bn budget deficit, of which R1.5bn constituted irregular expenditure," Msimanga said. "The biggest of these irregularities was a tender for the supply of ‘smart’ pre-paid electricity meters and services by a company called PEU Capital Partners." Msimanga said PEU was initially appointed on a tender to give advice to Tshwane on how to save money, but the deal soon turned into something completely different, by-passing competitive bidding processes. "From the outset the DA had pointed out that the tender and the deal was irregular, and would punch...
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