Union Numsa and others demand investigation of terminated SAA share sale to Takatso Consortium due to revised transaction structure disagreement.
Calls for an investigation into the failed sale of South African Airways (SAA) shares to Takatso Consortium are growing as the union Numsa joins the EFF, SACP, and ATM in demanding a probe into the unanswered questions surrounding the deal. SAA and Takatso's negotiations were terminated last week due to disagreement on the revised transaction structure. The initial deal, signed in February 2022, was subject to renegotiation of the terms.
March 17, 2024
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