{"id":63078,"date":"2024-03-21T13:06:55","date_gmt":"2024-03-21T13:06:55","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/parliament-committee-cant-positively-say-failed-saa-takatso-transaction-was-above-board"},"modified":"2024-03-21T13:54:06","modified_gmt":"2024-03-21T13:54:06","slug":"parliament-committee-cant-positively-say-failed-saa-takatso-transaction-was-above-board","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/parliament-committee-cant-positively-say-failed-saa-takatso-transaction-was-above-board","title":{"rendered":"Parliament committee can’t positively say failed SAA-Takatso transaction was above board"},"content":{"rendered":"

Africa-Press – South-Africa. <\/strong><\/span>The committee on Wednesday resolved to ask the SIU to probe the failed majority stake sale, despite Public Enterprises Minister Pravin Gordhan and his department insisting the deal was above board.<\/p>\n

The portfolio committee on Public Enterprises in Parliament says it can’t say for sure that the failed South African Airlines (SAA) and Takatso transaction was above board.<\/p>\n

The committee on Wednesday resolved to ask the Special Investigating Unit (SIU) to now probe the failed sale of 51% of SAA to the Takatso consortium.However, Minister of Public Enterprises Pravin Gordhan and his department insisted the deal was above board and provided committee chairperson Khaya Magaxa with documents detailing the process.<\/p>\n

The Public Enterprises committee said the cancelled SAA transaction raised more questions than answers.<\/p>\n

Magaxa said they never received any details on the cancellation from the minister.<\/p>\n

\u201cIn view of this the committee cannot say that the SAA-Takatso transaction was above board.\u201d<\/p>\n

He said of concern was the allegation from former director-general Kgathatso Tlhakudi that his signature was forged in documents approving the selection of Takatso.<\/p>\n

\u201cI think this committee should seriously consider referring this matter to the SIU for further investigation.\u201d<\/p>\n

But Eyewitness News is aware of a letter to Magaxa by Gordhan where the minister insisted that the bill was above board.<\/p>\n

Gordhan also referred to Parliament\u2019s legal advisor\u2019s conclusion that there was no corruption in the transaction.<\/p>\n

Magaxa and the committee were also provided with memorandums signed by Tlhakudi on the deal and the selection of Rand Merchant Bank as the initial transaction advisors.<\/p>\n

The documents stated that Takatso\u2019s proposals received favourable consideration from the department\u2019s evaluation committee led by Tlhakudi.<\/p>\n

They also noted how the Auditor-General audited the transaction and even recommended the department develop a framework to dispose of the majority shares.<\/p>\n

For More News And Analysis About South-Africa<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Africa. The committee on Wednesday resolved to ask the SIU to probe the failed majority stake sale, despite Public Enterprises Minister Pravin Gordhan and his department insisting the deal was above board. The portfolio committee on Public Enterprises in Parliament says it can’t say for sure that the failed South African Airlines (SAA) […]<\/p>\n","protected":false},"author":84,"featured_media":63077,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[274,315,275],"class_list":["post-63078","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-south-africa","tag-south-africa-2"],"yoast_head":"\nParliament committee can't positively say failed SAA-Takatso transaction was above board - South Africa<\/title>\n<meta name=\"description\" content=\"The committee on Wednesday resolved to ask the SIU to probe the failed majority stake sale, despite Public Enterprises M ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/parliament-committee-cant-positively-say-failed-saa-takatso-transaction-was-above-board\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Parliament committee can't positively say failed SAA-Takatso transaction was above board\" \/>\n<meta property=\"og:description\" content=\"The committee on Wednesday resolved to ask the SIU to probe the failed majority stake sale, despite Public Enterprises M ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/parliament-committee-cant-positively-say-failed-saa-takatso-transaction-was-above-board\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-21T13:06:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-21T13:54:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2024\/03\/sm_1711016477.989042.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"684\" \/>\n\t<meta property=\"og:image:height\" content=\"384\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/parliament-committee-cant-positively-say-failed-saa-takatso-transaction-was-above-board#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/parliament-committee-cant-positively-say-failed-saa-takatso-transaction-was-above-board\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Parliament committee can’t positively say failed SAA-Takatso transaction was above board\",\"datePublished\":\"2024-03-21T13:06:55+00:00\",\"dateModified\":\"2024-03-21T13:54:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/parliament-committee-cant-positively-say-failed-saa-takatso-transaction-was-above-board\"},\"wordCount\":326,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/parliament-committee-cant-positively-say-failed-saa-takatso-transaction-was-above-board#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2024\/03\/sm_1711016477.989042.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Africa\",\"South-Africa\"],\"articleSection\":[\"all news\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/parliament-committee-cant-positively-say-failed-saa-takatso-transaction-was-above-board#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/parliament-committee-cant-positively-say-failed-saa-takatso-transaction-was-above-board\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/parliament-committee-cant-positively-say-failed-saa-takatso-transaction-was-above-board\",\"name\":\"Parliament committee can't positively say failed SAA-Takatso transaction was above board - 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