EFF Leader Julius Malema Hires Legal Team to Reverse Sale of 51% of SAA for R51 to Takatso Consortium

EFF Leader Julius Malema Hires Legal Team to Reverse Sale of 51% of SAA for R51 to Takatso Consortium

  • The leader of the Economic Freedom Fighters, Julius Malema wants lawyers to reverse the sale of SAA to the Takatso consortium
  • Malema stated that selling off a majority stake of the airline for just R51 does not make any sense
  • Some South Africans are in agreement with Malema and say SAA should not be sold, while others feel the Red Berets leader has lost the plot

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JOHANNESBURG - Julius Malema, EFF leader, says the political organisation will be hiring a legal team to look into the sale deal between South African Airways and the Takatso consortium.

The party is not happy with Government's decision to sell a 51% stake in the airline to the private consortium, because the deal is regarded as a loss.

Julius Malema, EFF, hires lawyer, reverse SAA deal, Takatso Consortium
Julius Malema does not believe that the sale of half of SAA for R51 is a fair transaction. Images: @EFFSouthAfrica/Twitter & Waldo Swiegers
Source: Getty Images

If the deal proceeds, Takatso will purchase a majority share in SAA for just R51, a price the National Treasury says it was not consulted on, according to TimesLIVE. During the briefing held at the EFF headquarters in Marshalltown, Johannesburg, Malema slammed the planned transaction and stated that the deal is not justifiable.

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"We condemn and oppose the disposal of SA Airways because its disposal is not justifiable and corrupt. There is absolutely no rationality in selling off an airline for R51 to people who are linked to and controlled by the white capitalist establishment," said Malema.

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Malema stated that they would fight to ensure the SAA deal is reserved because there is an indication that state-owned enterprises are being run down so they can be sold off.

Malema stated that selling the airline for R51 does not make any sense, because it's not possible to buy a plane for that amount of money, reports IOL.

Minister of Public Enterprises Pravin Gordhan stated last week that he stands by the decision to privatise SAA because the airline has been draining public funds by requiring numerous bailouts and is failing to make a profit.

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South Africans share their thoughts on the EFF's plan to take legal action against EFF deal

South Africans have shared varied opinions on the sale of SAA. Some people think that the SOE should not be sold at all, while others feel Malema does not know what he is talking about.

Take a look at some comments below:

@sithera said:

"That's what I know the EFF for. Ziyakhala."

@BTLittler said:

"How is SAA making a loss if its flying tickets are bought?"

@Nkosikh27183174 said:

"The CIC was very dejected and disillusioned in his address. Something seemed very low toned in him. Wonder why."

@EustaceThabiso said:

"Great move EFF, if SOEs are sold, then it's back to slavery for black people."

South African Airways relaunches after being grounded for over a year

Briefly News previously reported that Starting Thursday morning, 23 September, flights operated by South African Airways have resumed operation after being grounded for almost 18 months.

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Flights were halted because of the financial constraints the state-run airline had been experiencing for several years and was put under business rescue last year.

According to SABC News, flights between Cape Town and Johannesburg are now operational. Flights to other African countries such as Ghana, Mozambique, the Republic of Congo, Zimbabwe and Zambia are also operational.

Source: Briefly News

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