Saa, Takatso Consortium

Saa, Takatso Consortium

SACP asks govt for transparency regarding SAA's new strategic partnership

SACP asks govt for transparency regarding SAA's new strategic partnership

2021-06-12 08:26:00 PM

SACP asks govt for transparency regarding SAA 's new strategic partnership

On Friday, Public Enterprises Minister Pravin Gordhan announced Takatso Consortium as a new strategic equity partner for the state-owned airline, SAA .

Gordhan said the consortium would own 51% of the airline while the government would have 49% ownership.SAA was placed under business rescue about two years ago following management and financial challenges.The SACP said it has consistently worked alongside SAA employees and trade unions in order to prevent liquidation and privatisation of the airline.

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SACP spokesperson Dr Mohubetswane Mashilo said the struggle continues."The details of the 51% which is associated with the so-called Takatso Consortium partner are not so clear, the battle will continue on that front and taking into account other considerations".

Mashilo said the government must be considerate of the public when making decisions."We remain firm that we need state participation not only in the aviation industry but also in other strategic sectors of the economy on behalf of the people".

READ: Gordhan announces Takatso consortium as new strategic equity partner for SAAREAD MORE: Board has work cut out to repair damage to SAA's reputation, treasury tells MPsALSO READ: Gordhan says SAA to take to the skies as soon as August Read more: Eyewitness News »

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LIVESTREAM: Gordhan updates on plans to save SAAPublic Enterprises Minister Pravin Gordhan is briefing the media on matters related to South African Airways. Waste of time and money trying to save that white elephant..we poor people don't fly we don't need SAA..we need services and houses Dikatso Consortium. who are they? HeidiGiokos He must make a plan to pay South African Express Airways Employees ther outstanding salaries and retrenchment packages.

BREAKING NEWS: Gordhan confirms that 51% of SAA will be soldHarith General Partners and Global Airways make up Takatso Consortium , which has been selected as the preferred strategic equity partner for the airline Eskom is next So as a private company, it should go bust with the current model Overdue....

New majority shareholder for SAAA strategic equity partner will now hold the majority share of the newly relaunched SAA . Was tender procedures followed or a tender advertised Mxm, the major shareholder might be having black name but rather remain sceptical 'cause blacks never benefit anything from this cabal thing by being fronted as professionals with zero or menial responsibilities & without profit, skills sharing 'cause that's how racists roll? 🤮

SAA has a new strategic partnerSA Airways has a new strategic partner that will own 51% of the airline. Anyone with profile of this Takatso Consortium. Are you celebrating? Mmm you say strategic partner beautifying it lena mara SAA is minority is gone and Eskom will follow also and you are busy praising your corrupt Bosses

Government relinquishes majority holding in SAA, as private consortium invests billions to revive carrier | CitypressGovernment has agreed to sell its majority stake in SAA to a local jet leasing company and private equity firm, ridding itself of an entity that has long been a drain on state finances. Maybe we can see efficiency in the entity now so Jambandas is on a mission to privatize our SOEs. Smallernyana research

SAA 2.0: Equity partnership has 'a decent chance' of succeedingThe deal sees government become a minority shareholder in a partnership that remains subject to due diligence.