Former Public Enterprises DG says irregularities in Takatso/SAA deal are borne of one man's ego.
Former Director-General of the Department of Public Enterprises, Kgathatso Tlhakudi, says the mistakes that led to the irregularities in the now-collapsedGordhan on Wednesday announced that the sale of a 51% stake in SAA to the Takatso Consortium has been cancelled. This follows three years of Gordhan’s reported fight to keep details of the equity partner deal with Takatso confidential.
Number 2, the value of SAA was deliberately brought down, informed by an evaluation done by the buyer instead of the seller, all other cover-ups and shenanigans and character assassinations need to be properly investigated and people must be held to account, and if it is done properly, Minister Gordhan will be found wanting, some of my colleagues in the department, the acting DG Modisane signed the share sale and purchase agreement which was flawed.
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