Gordhan annoyed over calls for SIU to investigate collapsed SAA deal

1 min read
Pravin Gordhan
Minister of Public Enterprise, Pravin Gordhan. Image credit: Wikipedia.

The Portfolio Committee on Public Enterprises has called for a thorough investigation into the collapsed deal involving the sale of 51% of South African Airways (SAA) to Takatso Consortium.

The committee has recommended that the Special Investigating Unit (SIU) or any other law enforcement agency take up the probe.

Read: Government sets 4.7% salary increase for public servants

The sudden call for investigations seems to have stemmed from allegations made by former Director-General Kgathatso Tlhakudi against Minister Pravin Gordhan.

Irregular sale

Tlhakudi had accused the minister of orchestrating an irregular sale of SAA. Tlhakudi alleged forgery of signatures in the sale documents, including his own.

But Minister Gordhan hit back at the allegations, stating that the objections were a political machinations in deviating from the terms of the mandate set by Speaker of Parliament Nosiviwe Maphisa-Ngqakula.

Among the allegations raised were also claims that Takatso was not initially among the bidding companies.

Read:  M-PESA and Onafriq team up to make sending money to Ethiopia easier

Tlhakundi also mentioned that SAA’s assets were undervalued.

The committee stated that it cannot investigate these allegations, many of which remain unproven.

Previous Story

FNB experts share tips to help South Africans financially protect their families

Next Story

Appliance company caters to load-shedding sufferers with solar-powered fridge

Latest from Business