MaverickInsider: Pravin Gordhan apologises to SAA whistle-blower whose concerns were not heard by Treasury By Rebecca Davis becsplanb
The airline was about to appoint an unknown financial services firm, BNP Capital, to source funding for SAA at a cost of roughly R256-million.On R15-billion, 3% [fees]. Calculate that,” Stimpel told the audience at a Maverick Insiders event on Thursday evening.Stimpel knew that South Africa’s commercial banks could perform the same function for SAA at a fraction of the fees, and she refused to sign the relevant contract with BNP Capital.
She put the documents making her case together and sent them to the National Treasury. Stimpel then contacted Outa, the Organisation Undoing Tax Abuse, who approached the media with the story and succeeded in obtaining an interdict to prevent SAA from sealing the deal with BNP Capital.
Gordhan described himself as heartened by the response from South African citizens to President Cyril Ramaphosa’s “Thuma Mina” call.
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