Question NW3291 to the Minister of Public Enterprises
23 November 2023 - NW3291
Phiri, Ms CM to ask the Minister of Public Enterprises
What (a) is the progress to date regarding the sale of the minority shareholders’ stake in the Takatso Consortium and (b) are the reasons that the specified stake in SAA is valued at 10,2% whilst the Takatso Consortium had not made any investment in the national airline?
Reply:
a) Takatso is currently managing the process. Unfortunately, the Department does not have access to information regarding the negotiations with the minority shareholder. However, once the process is completed, Harith, as the majority partner of Takatso, will inform the Department accordingly.
Furthermore, if the Competition Tribunal approves the divestiture, the public will be informed of the outcome.
b) The stake by the minority shareholder is valued at 10.2% as that was the agreed shareholding by the parties in the Takatso consortium. The investment in the national airline will be made at the close of the strategic equity partner transaction.
Remarks: Reply: Approved / Not Approved
Jacy Molisane P J Gordhan, MP
Acting Director-General Minister
Date: Date: