UPDATE SOUTH AFRICA
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We don’t understand the SAA deal: SACCA.

Article by: Dumisane Dube

The South African Cabin Crew Association (SACCA) says the Takatso Consortium deal that saw South African Airways (SAA) being privatized was not transparent.

According to SACCA, unions were not consulted.

“We never expected these developments to happen and it is still a shock,” stated SACCA.

SACCA deputy president advocate Christopher Shabangu says they still don’t understand what the deal means.

“The government holds 49%, we also don’t understand what that means. There is funding apparently. I said apparently because we don’t know of about R3 billion that is going to be pumped by SAA. What is going to be happening to the historic debt that SAA has,” said Shabangu.

Public Enterprises Minister Pravin Gordhan announced the partnership between SAA and Takatso consortium on Friday.

“Now if we are going to have this strategic partner which now has 51% shareholders at SAA, we don’t really understand what that means,” added Shabangu.

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