The government’s effort to nail down a strategic equity partner with fat pockets hasn’t worked out. But if the national carrier cleans up its financial act, it could still be in with a chance
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The parliamentary committee on public enterprises has recommended that the SIU further investigate the matter to ensure accountability and transparency
Kgathatso Tlhakudi said the allegations of an irregular selection process and the undervaluation of SAA assets to unfairly enrich selected ‘oligarchs’ should be spotlighted
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The minister failed to submit two key documents to the portfolio committee on public enterprises, without which they will not back the deal
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Takatso will now own 51% of the national flag carrier while the government becomes the minority shareholder with 49% ownership
Acquisitions involving nominal amounts have rescued failing businesses, including Chelsea soccer club and General Motors
Public Enterprises Minister Pravin Gordhan will be called to appear before parliament to respond to claims by suspended director general Kgathatso Tlhakudi of impropriety in the SAA/Takatso Aviation deal
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Led by Derek Hanekom, this will be the eighth board to oversee the ailing national carrier in 14 years
The public enterprises minister has said there have been deliberate attempts to undermine the transaction, which is aimed at rehabilitating the airline
UDM leader Bantu Holomisa says the organisation is seeking an urgent application to set aside the sale of SAA to Takatso