This demonstrates exactly how BBEEE works;
Company A had a tender and presumably performed a good service as they have been in this kind of business for more than 20 years.
When the tender came up for renewal, it was awarded to BBEEE at a higher than quoted price. BBEEE then re-appointed Company A to perform the same service, but at a higher rate than they had before, plus an up front implementation fee.
This suits Company A, who is now being paid more, but the performance risk, financial risk and dealing with all the potential problems now lies with BBEEE!
This is surely a win-win situation for the parties involved, but in the end it is us, the citizens and tax payers of this country who has to pay for the bulshit and corruption!
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