Pretoria - Banking group FNB has scooped the multibillion rand corporate account for the Gauteng province, Premier Nomvula Mokonyane announced on Tuesday.
FNB, which was selected among other banks, will assume the position of provincial official corporate banker from 1 April 2011 until 31 March 2016.
Last year, the Gauteng provincial government invited all retail and commercial banks that are listed on the banking council's register to submit proposals for the banking tender as the current contract, which started in April 2006, comes to an end on 31 March 2011.
Only four banks, namely ABSA, FNB, Nedbank and Standard Bank responded to the invitation. The four bids were evaluated in terms of the Preferential Procurement Policy Framework Act (PPPF).
The selection and adjudication criteria used included Administrative, Technical, Preferential Points and Financial Risk Analysis.
"We are confident that the process of selecting the new banker for the Gauteng government was transparent and meticulous," said Mokonyane.
She hoped that the partnership would go a long way towards helping the Gauteng government achieve its goals.
Turning focus on education, Mokonyane gave the assurance that the province was ready for the 2011 academic year as schools re-open tomorrow.
On Wednesday, Deputy President Kgalema Motlanthe, Mokonyane and Education MEC Barbara Creecy will visit various schools in the province.
