SAA: Union wants Takatso deal grounded

Loading player...
JOHANNESBURG - The SA Cabin Crew Association (SACCA) wants the Takatso-SAA deal scrapped.

It says the takeover has been heading for a crash since it took off.

Public Enterprises Minister Pravin Gordhan on Tuesday said he can't divulge details of the agreement.

He claims this is due to it being commercially sensitive.

"You might recall that Numsa and SACCA at the beginning of this deal had raised the fact that there is something wrong with this deal," said SACCA president Zazi Nsibanyoni-Mugambi.

"If the deal is straightforward with Takatso it should be transparent. We should be given the information that is required because the bid should be open to the public because we are an SEO, after all."
16 Nov 2022 1PM English South Africa Business News · Investing

Other recent episodes

EXPLAINER - Why some sports stars are worth more than companies.

An 18-year-old footballer valued at more than R6 billion has reignited a global debate: how do we really put a price on modern sports stars? Following a new long-term contract at Barcelona, teenage sensation Lamine Yamal has been named the world’s most valuable footballer — outranking established global icons and…
15 Jan 3PM 22 min

Why central bank independence matters.

GUEST – Prof Jannie Rossouw - Honorary professor at Wits Business School and economist at Altitude Wealth Central bank independence refers to a central bank’s ability to formulate and implement monetary policy - such as setting interest rates and managing liquidity - without direct control or interference from the political…
15 Jan 3PM 19 min

South Africa at Davos 2026: The Investment Message SA Is Taking to the World.

GUEST - Neville Matjie, CEO of Brand South Africa As global leaders gather in Davos under the theme “A Spirit of Dialogue”, South Africa is stepping onto one of the world’s most influential stages to make its investment case amid heightened geopolitical tension, economic uncertainty and rapid technological change. With…
15 Jan 3PM 10 min