A new controversy has emerged that could threaten the current deal in progress between SAA and its strategic equity partner (SEP), the Takatso Consortium.
Treasury DG, Dondo Mogajane, told SCOPA earlier this month that the Treasury had had no part in the deal at all, and Treasury had raised some concerns about some of the details and terms, and implied that the deal could contain regulatory irregularities.
The opposition party, the Democratic Alliance (DA) has forwarded a written parliamentary question to Finance Minister Enoch Godongwana, asking that he disclose National Treasury’s concerns with the transaction and what action it took to deal with these.
DA SCOPA representative, Alf Lees, reminded SCOPA that former finance minister, Tito Mboweni had opposed all further bailouts to SAA. However, Public Enterprises Minister Pravin Gordhan had gone direct to Cabinet for approval.
The upshot was that SCOPA ruled that Minister Gordhan, must, within 14 days, provide clarity on the details of the deal with Takatso.
