Shweni described the normal processes that should be followed when an unsolicited proposal was received.
"If it is palatable to the needs and requirements of treasury‚ we would take it to an open tender process which we call an RFP [request for proposal]. Or if it is a bespoke transaction ... the practice note allows us not to go the RFP route. In respect to Huarong‚ we decided to go on the RFP route. Shweni said the Huarong proposal"did not fulfil this requirement”. He said"it is not normal that we do things that way".
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