a) Takatso is currently managing the process. Unfortunately, the Department does not have access to information regarding the negotiations with the minority shareholder. However, once the process is completed, Harith, as the majority partner of Takatso, will inform the Department accordingly.
Furthermore, if the Competition Tribunal approves the divestiture, the public will be informed of the outcome.
b) The stake by the minority shareholder is valued at 10.2% as that was the agreed shareholding by the parties in the Takatso consortium. The investment in the national airline will be made at the close of the strategic equity partner transaction.
Remarks: Reply: Approved / Not Approved
Jacy Molisane P J Gordhan, MP
Acting Director-General Minister
Date: Date: