Cancelled contract costs taxpayers R300 million

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A cancelled contract of the defence department cost the taxpayer about R300 million after a ruling of the International Chamber of Commerce arbitration court, Business Day reported on Monday.

According to the report, a 2009 contract for aeromedical equipment with Austrian company AMST was repeatedly botched.

An internal defence department memorandum said AMST claimed that the department had repeatedly failed to respond to numerous letters to honour contractual obligations...read more here: Cancelled contract costs taxpayers R300 million