Public Enterprises Minister Pravin Gordhan has sought to explain why government has not yet finalised the sale of parts of South African Airways to the Takatso Consortium.Last year, government announced that the Takatso Consortium was the preferred bidder to buy a 51% stake in SAA.
He says government is still processing the details of the transaction to put them in line with the regulatory framework. “The parties that are receiving the confidential information are still bound by the confidentiality meaning that they may not use that information either than the purpose of this litigation.”
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