Latest News & Developments
SAA was engaging banks not to get a loan at this point but a loan facility as a kind of buffer.
South Africa’s troubled power utility burns R23bn in procurement deviations over just 90 days, accounting for 91% of the total R26bn disbursed among the top 20 government institutions during the same period
Some unions and and members of the public sector remembered Gordhan as the minister who destroyed people’s livelihood.
In a letter to SAA staff and the broader stakeholder community on Tuesday, SAA interim CEO Professor John Lamola said the State-owned airline was currently executing a business plan that allows it to thrive from revenues generated from its operations.
The minister stated that the now-cancelled Takatso transaction deal was the best option in reviving the SAA.
Former Public Enterprises director-general Kgathatso Tlhakudi said this could lead to an economic disaster, adding that private business exists for profit and does not have a developmental mandate
SAA acting CEO John Lamola said SAA’s fleet plan was based on carefully chosen network expansion premised on the fact that the era of state support for SAA was over.
SAA was sanctioned to pay $15. 2m (R283m) in required refunds and $300 000 in civil penalties.
Tlhakudi expressed his disappointment and sadness in the letter written to Acting Speaker Lechesa Tsenoli in which he also demanded answers as to why the matter, that was on the programme, was not addressed.
The panel found that Botha has a prima facie case to answer to with regard to the allegations levelled against him.
Tlhakudi's disclosures before the portfolio committee and the Competition Tribunal provided the bedrock for scrutiny of the transaction, while it noted with concern that delayed appearances and with holding of critical documents.
Tlhakudi said his request was in consideration with Ramaphosa’s commitment in the past to ensuring a professional and capable public service.
Eskom received the lion’s share of the government’s bailouts, which amounted to a whopping R234bn.
The chairperson of the National Assembly’s portfolio committee on public enterprises, Khaya Magaxa, said their report was in the hands of the acting speaker.
The committee on public enterprises is recommending an investigation by the Special Investigating Unit (SIU) into the collapsed SAA-Takatso deal due to allegations of irregularities suspected when the deal was being negotiated.
Minister of Public Enterprises Pravin Gordhan said the investigation by the committee was “a fait accompli from the start”.
We’ll look again in 12 to 18 months, confides deputy public enterprises minister .
The portfolio committee on public enterprises said Minister Pravin Gordhan can challenge their decision in court.
Deputy Minister of Public Enterprises Obed Bapela said government wanted to sell a 40% stake of SAA.
The Special Investigating Unit said it is still working on a 2020 mandate to investigate the now defunct Takatso Consortium’s 51% takeover of SAA.
In a Government Gazette in February, the Takatso Consortium’s application for domestic air services licences, under the Air Service Licensing Act and International Air Service Act, was meant to be heard by the new body.
OPINION: It is said that there were serious disagreements between the government and the Takatso Consortium with regard to the “valuation of assets”, writes Prof. Bonke Dumisa.
He said his information was disregarded on the strength of a fraudulent Molisane memorandum produced by Gordhan.
Minister in the Presidency Khumbudzo Ntashavheni said Cabinet gave the green light for public enterprises to scrap the deal.
Gordhan told the cabinet on Wednesday that due to new valuations emerging, it put SAA at R1 billion and its properties at R5. 5bn.