Mixed feelings on the veil of secrecy over SAA-Takatso consortium deal - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

The Department of Public Enterprises has maintained that the South African Airways (SAA) sale is governed by confidentiality.

Tail wing of SAA planes with logo can be seen on an airstrip.

On Monday, the Cape Town High Court granted Toto Investments access to certain confidential information regarding the deal. However, the company cannot share the information with a third party. On the other hand, aviation consultant, Dr Joachim Vermooten says since SAA is a public entity, its information should not have been kept confidential in the first place.

South African Airways board and executives appeared before Parliament’s Public Enterprises Committee. The cash-strapped national airliner briefed Members of Parliament on the annual report and the status of the multiple audit statements from 2017 to 2022 financial years.“The business was heavily in debt with the debt position of R8.4 billion at a time resulting in annual financing costs of R1.4 billion.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Emma_Modiko Public Asset Disposal being governed by Confidentiality? ThembaGodi_ what do you Make of this Condition? BantuHolomisa KhandaniM

🤣🤣

Prime Minister Gordhan.. Untouchable

How the hell you play with our money and not wanting to tell us how you use or abuse it.

The airline belongs to us, the people. We, the people, would like to know what is happening.

Corruption.... gordhan busy stealing the dots....

Another Anc scandal brewing.

That deal will crush land! Why the secrecy when it’s a public enterprise. SAA should have partnered a reputable airline instead of taxi operators.

Does the Department not know that the Constitution and the PFMA demand TRANSPARENCY 😳😳😳😳😳 You cant just make up your own laws🙈🙈🙈

Huh?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 37. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Zenizole Vena laid to rest - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Friends and family of the late Zenizole Vena, who was allegedly gang-raped and then tragically died at the Motherwell police station in Gqeberha, have remembered her as kind and dedicated to her studies. The teenager was allegedly refused help at the local clinic after her attack. The investigation into the rape and alleged snubbing at …
Source: SABCNews - 🏆 37. / 51 Read more »