Prospective lottery bidders stress about high cost of bid

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It is claimed that a prospective bidder must have at least R900 million sitting in the bank to make it through the most lucrative tender in town – R130 billion over seven years. Photo: GCIS
It is claimed that a prospective bidder must have at least R900 million sitting in the bank to make it through the most lucrative tender in town – R130 billion over seven years. Photo: GCIS

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It is claimed that a prospective bidder must have at least R900 million sitting in the bank to make it through the most lucrative tender in town – R130 billion over seven years. Smaller players with no financial muscle would have to raise funds, and due to delays in the release of the RFP, time may not be on their side.

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