Secretary-General of Freedom Fighters Marshal Dlamini says the party welcomes the Finance Ministry’s refusal to support the Takatso consortium.

On Friday, the Treasury Department refused to support the Takatso consortium, which became a successful bidder for a 5% stake in South African Airways.

Speaking to the Standing Committee on Public Accounts (SCOPA), State Enterprise Minister Provin Gordon said the sale of a majority stake in South African Airways to the Takatso consortium was not yet complete.

Gordon said the airline is currently operating on 3.5 billion rupees provided by the government.

The Takatso consortium was expected to invest three billion rand in airline as operating capital once it acquires a 51% stake in the national carrier.

The National Treasury withdraws support for the Takatso consortium:

The Treasury Department says the decision to sell a majority stake in South African Airways is a financial risk to the state.

Speaking on Friday in the sidelines of the EFF Central Command team meeting, Dlamini said the deal was riddled with corruption.

“The whole deal was held in secret. There is a lot of corruption going on in this deal, led by Provin Gordon, so we are happy with the Treasury.

They need to take that money, and there needs to be a clear responsibility for what happened there, and the EFF is going to do everything in our power to make sure the people of South Africa know the truth.

They know what the ANC government has done with their state-owned companies because it’s not just SAA, but they’re doing the same thing with Eskom, they’re doing the same thing with Transnet, so they’re destroying all government organizations, so we’re going to keep putting pressure [on them]».

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