NATIONAL NEWS - The Ministry of Finance says the plan to sell off government’s stake in Telkom to raise an R10 billion bailout for ailing national airline South African Airways (SAA) is just one option being considered.
Democratic Alliance (DA) parliamentarian Alf Lees stunned MPs when he told Deputy President Cyril Ramaphosa on Wednesday that he had a Cabinet document containing Finance Minister Malusi Gigaba’s detailed proposal for the move.
Ramaphosa, who was answering MPs’ questions in Parliament, neither confirmed nor denied the plan, saying that government’s strategic assets remained under review.
'Plan to sell Telkom shares to bail out SAA just an option'
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Cyril Ramaphosa.
Posted on: 08:34 Thu, 24 August 2017
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