OPPOSITION parties have slammed government’s decision to sell 51% of South African Airways (SAA) to a politically connected consortium.
This comes after Public Enterprises Minister Pravin Gordhan announced on Friday that Takatso Consortium will hold 51% of the shares and the South African government the remaining 49%.
Parties have also raised concerns about the involvement of politically exposed individuals like former deputy minister of Finance Jabu Moleketi and ANC heavyweight Popo Molefe, who are part of the consortium, for influencing Takatso Consortium being appointed as the private equity partner.
United Democratic Movement (UDM) leader Bantu Holomisa said at the weekend that the entire South African Airways (SAA) and Takatso Consortium transaction raised serious questions.
“How is it therefore possible for government to deal with an entity with such a stain on its record and this whilst the Mpati Commission’s recommendations have not yet been fully executed? The Public Investment Corporation’s
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