Parliament has its own processes, according to the Presidency Minister.
The minister stated in a letter that the Department of Public Enterprises would take legal action by taking the committee’s recommendation to the SIU on review in court.the committee, saying the call for an investigation was misleading the South African public by insinuating impropriety regarding the SAA deal.Questions about SAA’s sale to Takatso were raised following Tlhakudi’s allegations about the deal.
The sequence of events began with Rand Merchant Bank being appointed as the transactional advisor in the initial phase.It is alleged that RMB had identified four companies on its shortlist – and investor firm Harith General Partners and Global Aviation, which formed Takatso, was not one of them.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘He’s made a mess of SAA sale’ – Ramaphosa urged to fire Gordhan over Takatso dealUDM leader Bantu Holomisa wants President Cyril Ramaphosa to take action against Public Enterprises Minister, Pravin Gordhan.
Source: TheCitizen_News - 🏆 6. / 75 Read more »
ANC 'knives out for Gordhan' amid opposition calls for his head over SAA/Takatso deal controversyANC 'knives out for Gordhan' amid opposition calls for his head over SAA/Takatso deal controversy
Source: City_Press - 🏆 7. / 72 Read more »
Gordhan announces that SAA-Takatso deal is offHe says this was in part is because SAA's assets are now worth far more than they were during the COVID-19 pandemic.
Source: ewnupdates - 🏆 30. / 53 Read more »
SAA’s deal with Takatso terminated: Minister Pravin GordhanPublic enterprises minister Pravin Gordhan has announced that SAA’s deal with strategic equity partner Takatso has been terminated
Source: TheSAnews - 🏆 25. / 59 Read more »
Gordhan provides 3 reasons why SAA deal with Takatso has been scrappedGordhan also said the airline was in a sustainable position for the next year to 18 months and would not require further tax-funded bailouts.
Source: TheCitizen_News - 🏆 6. / 75 Read more »
Sale of South Africa Airways stake to Takatso Consortium called offMinister of Public Enterprises, Pravin Gordhan, announced that the 51% sale of South Africa Airways (SAA) to Takatso Consortium has been called off. Gordhan listed three reasons why the deal was off. Firstly, government needed to ensure a fair value was attached to the 51% shares. Secondly, that there was public interest secured in the fair value. Thirdly, that the airline was now in a more sustainable position than it was back in 2019. He added that SAA is secure enough for the next 12-18 months and can find other financial means if needed, The deal had been controversial, with Gordhan previously saying some documents relating to it had to be kept secret due to the negotiations and the documents’ commercial sensitivity. Public Enterprises Minister Pravin Gordhan has announced that the sale of a 51% SAA stake to Takatso Consortium has been cancelled. He says the airline will not get a government bailout, and no jobs will be lost.In response to Gordhan’s announcement, Takatso Consortium said the changes to the deal would have taken too long
Source: CapeTownEtc - 🏆 17. / 63 Read more »