• All Share : 55188.337
    UP 0.92%
    Top40 - (Tradeable) : 48965.3579
    UP 1.15%
    Financial 15 : 17911.3643
    UP 0.09%
    Industrial 25 : 69888.1585
    UP 0.96%
    Resource 10 : 44222.0114
    UP 2.69%

  • ZAR/USD : 12.1222
    DOWN -0.24%
    ZAR/GBP : 18.3453
    DOWN -0.03%
    ZAR/EUR : 13.156
    DOWN -0.01%
    ZAR/JPY : 0.1013
    UP 0.20%
    ZAR/AUD : 9.4697
    UP 0.19%

  • Gold US$/oz : 1193.93
    UNCHANGED0.00%
    Platinum US$/oz : 1137
    UNCHANGED0.00%
    Silver US$/oz : 15.9
    UNCHANGED0.00%
    Palladium US$/oz : 770.5
    UNCHANGED0.00%
    Brent Crude : 65.49
    UNCHANGED0.00%

  • All data is delayed by 15 min. Data supplied by Profile Data
    Hover cursor over this ticker to pause.

Sun Apr 26 10:13:37 SAST 2015

Auction of police boats under investigation

Sapa | 23 December, 2012 11:52
South African banknotes. File Photo
Image by: SIPHIWE SIBEKO / Reuters

The apparent auctioning off of a fleet of patrol boats originally intended for the police, is currently under legal investigation, the police said on Sunday.

"This matter is now in the legal process and for now I cannot say much on whether we lost or not," police spokesman Lindela Mashigo said.

The Sunday Times reported that SA taxpayers funded a R10 million deposit to build a new fleet of police patrol boats - only to see them auctioned off to somebody else.

The four state-of-the-art vessels were commissioned by the police in January 2007 to beef up their ailing water wing.

The 32-million tender to build the boats was awarded to Cape Town Company Eraco. But it later filed for liquidation and the boats were attached by the sheriff of the court.

On Sunday, Mashigo said that "the court process will determine whether we get our money back or not. We didn't know that it (Eraco) will file for liquidation."

According to the newspaper, police did not bid at the auction in 2010 and appeared to have cut their losses.

KND Naval Design , a Cape Town boat-building company snapped up the half-built vessels at the auction for about R10 million.

They will apparently be deployed off the east coast of Africa to protect commercial shipping from pirates.

Since the auction, the Sunday Times claimed that the police water wing has not invested in any new vessels and its fleet has fallen into disrepair.

However, Mashigo said the police's water wing was fine for now.

SHARE YOUR OPINION

If you have an opinion you would like to share on this article, please send us an e-mail to the Times LIVE iLIVE team. In the mean time, click here to view the Times LIVE iLIVE section.