'The committee cannot say that the SAA and Takatso transaction was above board.'
The committee says the department has not been able to successfully dispute the former Director-General Kgathatso Tlhakudi allegations that Takatso was not part of the initial list of companies that submitted bids.
The committee also feels that Tlhakudi’s submission that SAA assets were undervalued was not disproved in light of the cancellation of the transaction that the Public Enterprises Minister Pravin Gordhan announced last week. Committee chairperson, Khaya Magaxa says, “In view of the above, the committee cannot say that the SAA and Takatso transaction was above board and will in this regard be recommending that law enforcement agencies do their work in unravelling this transaction, particularly the alleged forging of the former DG’s signature in the strategic equity partner appointment process.
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.
Parliament calls for SIU to probe alleged irregularities in collapsed SAA-Takatso dealParliament has proposed that the SIU be tasked with investigating alleged irregularities in the collapsed SAA-Takatso deal.
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.
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
Read more »
Takatso Consortium says SAA deal would have taken too longIt says time constraints to meet new directives by the competition authorities would have made it even more difficult to conclude the majority purchase of SAA.
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.
Read more »
SAA sale to Takatso consortium crashes as government ups price tagSAA sale to Takatso consortium crashes as government ups price tag
Read more »