South Africa’s outgoing public enterprises minister, Pravin Gordhan, disclosed the renegotiation of the controversial ZAR51m sale of 51pc of South African Airways (SAA) to the Takatso Consortium due to .
Gordhan, retiring post the upcoming elections, emphasized in a media briefing the confidentiality of documents related to the Takatso transaction, highlighting ongoing negotiations, legal bindings of the initial Sale of Shares Agreement, and potential legal consequences if certain documents are released.
The Parliamentary Portfolio Committee on Public Enterprises is investigating accusations against Gordhan by former DPE Director-General Kgathatso Thlakudi, with conflicting claims regarding the authenticity of documents like the Molisane Memorandum central to the SAA/Takatso deal evaluation process.
South Africa’s government and ruling ANC are pushing to review the Takatso transaction to ensure majority share retention in SAA, amidst the airline’s resumption of flights, new route openings post-business rescue, and a damning South African Auditor General report revealing significant financial challenges and regulatory concerns within SAA’s operations.
