Court gives DBSA’s R15m lawsuit the greenlight
Judge dismisses Fusion Guarantee’s application with costs
10 October 2023 - 13:05
The Development Bank of Southern Africa (DBSA) sued two companies for almost R15m for work related to the construction of a new administration block in the Eastern Cape.
However, because the original work was not completed in time in 2015, DBSA cancelled the contract. A new contractor had to be brought in, with a new tender process and new contract, which cost DBSA another R30m in total. ..
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