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Magashule's Allies Attack Cyril For "Selling Out" As 51% Of SAA Gets Privatised

Ekurhuleni City mayor, Mzwandile Masina and former Nelson Mandela Bay Councillor for ANC, Andile Lungisa have fired shots at president Cyril Ramaphosa after government gave up 51% of the South African Airways to a private company.

Masina asks some damning questions concerning the identity of the private shareholder of SAA who now has control of the 51%.

"Who is Takatso Consortium? Will they be funded by any of the DFI (PIC, IDC, DBSA) to take to take 51% of our national carrier.

Why was it not possible for the DFI's to finance the SAA? I'm just a concerned citizen," said Masina.

Andile Lungisa argues that the South African Airways was sold for free.

The privatisation of the South African Airways was met with strong criticism as Carl Niehaus, Ace Magashule's ally also hits out that the privatisation of SAA is terrible.

Niehaus said State Owned Enterprises are being sold out.

"Everyday the people of South Africa lose even the little bit of control that we had over our economic destiny. We are being sold out, lock stock and barrel!

I'm not going to beat about the bush about my feelings. This privatisation of SAA is terrible," said Niehaus.

Public Enterprises minister, Pravin Gordhan revealed that SAA will now have 49% while the private shareholder will have 51%, citing that it will no longer rely on government for funding.

Source: https://twitter.com/eNCA/status/1403254165598621696?s=19

Content created and supplied by: yunahbvumbwe (via Opera News )

Andile Lungisa Cyril Ramaphosa Magashule Nelson Mandela SAA

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