South African Airways plane at O.R. Tambo International Airport.
During an appearance before Standing Committee on Public Accounts , Minister of Public Enterprises Pravin Gordhan said the sale of the majority stake in South African Airways to Takatso Consortium has not been finalised yet.The Takatso Consortium was expected to invest three billion rand in the airline as operating capital once it acquires a 51% stake in the national carrier.Treasury says the decision to sell a majority stake in South African Airways is a financial risk to the state.
“That whole transaction was done in secrecy. There’s a lot of corruption that is happening within that deal led by Pravin Gordhan so we are happy with Treasury.
Lol so 2 days ago, the SABC Twitter handle was under the fighter, now Thumamina gang is back to clean up
CORRECTION: An earlier version of this story said the National Treasury had withdrawn its support for Takatso Consortium, the successful bidder for the 51% stake in SAA. This was inaccurate. SABC News apologises for any confusion caused by the initial story.
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