THE Department of Public Enterprises (DPE) insists that suspended Director-General Kgathatso Tlhakudi was involved in the selection process of a strategic equity partner (SEP) for South African Airways (SAA).
This follows reports that Tlhakudi was not involved in the SEP process.
“The Director-General was involved in the process. Only the sale and purchase agreement was signed by the acting DG on 22 February 2022 as the DG was on sick leave, but he was privy to the sale and purchase agreement and its contents or terms and conditions,” the department said in a statement on Monday, condemning “deliberate misinformation” around the transaction.
Explaining the process to of acquiring SEPs for SAA, the DPE says:
- RMB was appointed as transaction advisor and undertook the first phase of the evaluation process (initial evaluations of expressions of interest);
- In August 2020, Harith General Partners made a formal expression of interest with the DPE
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