Question: Read the article below and answer ALL the questions that follow. This is how the SAA takeover by Takatso Consortium crash landed. The long -
Read the article below and answer ALL the questions that follow. This is how the SAA takeover by Takatso Consortium crash landed.
The longrunning planned takeover of the ailing stateowned airline South African Airways SAA by the Takatso Consortium abruptly came to an end earlier this week. This comes three years after the Takatso deal was announced, in which it was slated to take over a majority stake, in the airline. However, subsequently Public Enterprises Minister Pravin Gordhan kept details of the deal with the government confidential, which led to a public outcry around fears of corruption. Gordhan told the cabinet on Wednesday that due to new valuations emerging, it put SAA at R billion and its properties at Rbn Gordhan said the deal was off because they decided to cut their losses with Takatso after new valuations from reputable professional firms.
The deal was agreed upon during the Covid pandemic, which centred as a major selling point to Takatso, who expected a major rebound in the airline industry post pandemic. During Covid when the valuation was done, the value of SAA was Rbn After Covid this increased because of changed market values. The business valuation came out at R billion and the property valuation at R billion. This meant that there was a net increase in the property by R billion in the value of SAA. The equity value had increased from to R billion. Those negotiations continued for the latter part of last year and this year. However, we came to a point where there were other issues, where there were no meetings of minds. For example, the exemption of the new entity in terms of paying rental for the property they will utilise in that process, said Gordhan. The collapse of the deal means that SAA is now once again, a fully owned stateownedenterprise SOE however, the minister gave assurances that taxpayers would not sustain the airline going forward. He said other funding options would be looked at for the expansion of its operations, including expanding its route network. SAA can sustain itself for the next year to months and there are various other ways to get immediate financing, but at no stage in the course of the months to come, will SAA get money from the fiscus, Gordhan said. He further added that jobs of SAA staff were safe. The outgoing minister said that he would be leaving the world of politics post the elections, something, which the National Union of Metalworkers of South Africa Numsa cheered. Irvin Jim, the general secretary of Numsa, released a statement on March after it was announced that Gordhan was stepping down, Numsa: Gordhans retirement as the minister of Public Enterprises is good riddance to bad rubbish! He said the union was overjoyed to hear that the worst minister since the advent of democracy would be retiring from politics. Jim went on to say that Gordhan went on to wreck every single stateowned entity SOE that he touched. We said in our previous statement that he has a deadly Midas touch because everywhere he goes, SOEs collapse and workers suffer. He claimed he was turning around SOEs unfortunately, most of them are in ICU or have died because of his involvement. It is a painful irony that Gordhan once served as a member of the South African Communist Party Central Committee because his actions have been a relentless and brutal attack on workers and their families. His values are the opposite of Communism and its noble ideals, which are to advance and to improve the lives of the working class, Jim wrote. Meanwhile, an aviation official told Business Report that the minister could not say the deal had failed because he had always been the one pushing itHe did not want to reveal the Takatso documents of Parliament because the truth would have come out. He waited until he could announce his retirement, the source said.
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Nonscientific analysis is essentially used for a personal human inquiry that all individuals engage in from time to time. Use the article and discuss the characteristics of Nonscientific Analysis. Use practical examples from the article to
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Based on the article, formulate a research title, write a research problem and outline five relevant research questions to achieve the objectives of the study?
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