Gidon Novick resigns from Takatso Consortium board
Drama/Umdlalo womoya · UKHOZI FM
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Show Notes
Gidon Novick has resigned as the CEO and board member of Takatso Consortium that plans to buy 51% of SAA. Novick says he was frustrated by the lack of transparency regarding the progress of the transaction. But other consortium shareholders have accused him of a potential conflict of interest. It's been almost two years since the Department of Public Enterprises, announced Takatso as the equity partner. As part of the deal, Takatso are meant to commit at least R3bn towards the relaunch of SAA. Sakina Kamwendo spoke Independent analyst , Khaya Sithole