PSA calls for urgent meeting to clarify investment in SAA-Takatso deal

The Public Servants Association (PSA) has said should it be found that the Public Investment Corporation (PIC) has a stake in the Takatso Consortium deal with South African Airways (SAA), it should be scrapped immediately.

It was reported that the PIC invested in the acquisition of a section of SAA, but in a statement last week the corporation said it was not involved in the acquisition nor are there assets that it manages on behalf of clients.

The PIC also said it owns 30% of Harith General Partners and some individuals involved in Takatso may previously have been associated with the PIC.

The PSA has now called a meeting with all stakeholders to seek clarity about the deal.

Just over a week ago, Public Enterprises Minister Pravin Gordhan announced a new strategic equity partner for SAA, but already questions have been raised about the consortium and whether it has the required funds.

First, it was the Democratic Alliance saying Minister Gordhan had a lot to answer on the SAA-Takatso deal, and now unions are also raising eyebrows saying all need to be revealed.

PSA spokesperson Reuben Maleka, said, “The public servants and trade unions have called a meeting to discuss and hear what the stance is. We want to be informed about what exactly and whether indeed PIC has a stake into Takatso.”

Maleka said the meeting would be held next week and they expected all parties to attend.

At the same time the metalworkers union Numsa also slammed Gordhan for not being transparent.

-EWN

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