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Court dismisses Toto Investment Holdings’ application to halt SAA sale | The Citizen

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The Western Cape High Court has dismissed with costs an application by Pretoria-based firm, Toto Investment Holdings, to halt the sale of shares of South African Airways (SAA) to Takatso Consortium.🧑‍⚖️ southafricanairways

The Department of Public Enterprises has welcomed the Western Cape High Court judgement against Pretoria based firm, Toto investments Holdings in which it applied to interdict the implementation of partnering with South African Airways .

Toto had approached the court in a bid to force Public Enterprises Minister Pravin Gordhan and the department of public enterprises to make records of the sale public and to also interdict the sale of the shares. “This means that confidential information related to the transaction cannot be disclosed for public consumption and only non-confidential records may be shared with the public.

 

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