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SAA, Gigaba must explain 'fraudulent' R1bn contract to subsidary

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Cape Town – The Democratic Alliance is demanding answers from South African Airways (SAA) and Finance Minister Malusi Gigaba about what it terms an apparently fraudulent contract of R1bn to SAA’s subsidiary SA Airways Technical (SAAT).

The Sunday Independent reported that a foreign-owned company, Bollore Africa Logistics SA, forged its credentials by using fictitious shareholders and black people as fronts, subsequently wining a five-year contract of close to R1bn with SAAT.

The company allegedly secured the contract with the help of senior SAA employees, who rigged the bidding process to ensure the contract went to Bollore.

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