This was not done, and the LOI was issued for nine months - and thereafter extended for another month until November 30 2013.The MNS investigation found that Singh then signed another agreement, allowing Regiments to provide some of the transaction advisory services contracted to the McKinsey consortium of which it was a part of. This was for 12 months, commencing in January 2014.
The contract values then skyrocketed. What began as a R35m contract was increased to R78m in April 2014, and to R265m in July 2015.
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