Government is making strides in concluding the disposal of 51% of its shares in South African Airways (SAA) to strategic partner Takatso Consortium.<\/p>\n
In a statement following an ordinary meeting held on Wednesday, Cabinet said progress on the sale to strategic equity partner, Takatso Consortium, now hinges on approval from industry bodies.<\/p>\n
\u201cThe sales and purchase process has now been concluded and signed by the Department of Public Enterprises and Takatso Consortium. The next step involves the approval of this transaction by various regulatory bodies. The public will be updated on further developments in this regard,\u201d Cabinet said.<\/p>\n
The strategic partner was announced in June last year in an effort to save the struggling airline after it was put under business rescue and grounded.<\/p>\n
SAA has since September last year taken to the air again.<\/p>\n
Water strategy<\/p>\n<\/p>\n
Meanwhile, South Africans will soon be able to have their say on the country\u2019s draft National Water Resources Strategy Third Edition after Cabinet approved it for public comment.<\/p>\n
The strategy aims to provide guidance on, among other things, usage, protection, management and conservation of water resources in the country.<\/p>\n
\u201cThis strategy proposes a strengthened integrated water quality management. It provides for innovative and appropriate technology on water and sanitation. It introduces stricter minimum requirement for the wastewater treatment. The strategy also responds to the National Climate Change Response Strategy.<\/p>\n
\u201cWater remains one of the key drivers in the socio-economic development of the country and it makes a significant contribution to the economic recovery programme of government,\u201d Cabinet said.<\/p>\n
The monumental flag<\/p>\n<\/p>\n
Cabinet has also approved a feasibility study which sought to explore possible construction of the South African National Monumental Flag Project.<\/p>\n
\u201cMonumental flags are installed by countries to express their identity and pride. Once constructed it will become a national landmark located, also to be a tourist attraction site that will serve to display the country\u2019s brand image.<\/p>\n
\u201cThe project will be led by the Department of Sport, Arts and Culture as part of its mandate of promoting nation-building and social cohesion,\u201d it said.<\/p>\n
It is expected that following construction, the giant flag will be hoisted at least 100m high.<\/p>\n
UNSECO report <\/p>\n
Cabinet has also approved South Africa\u2019s submission of the 2nd Quadrennial Periodic Report to the United Nations Educational, Scientific and Cultural Organisation (UNESCO).<\/p>\n
The report will form part of UNESCO\u2019s Global Report, which is published every four years.<\/p>\n
\u201cMember countries are expected to submit their reports every four years. Reports should provide updates on their policies and measures taken to protect and promote diversity of cultural expressions within their countries,\u201d Cabinet said.<\/p>\n<\/p>\n
Source: South African Government News Agency<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"
Government is making strides in concluding the disposal of 51% of its shares in South African Airways (SAA) to strategic partner Takatso Consortium.In a statement following an ordinary meeting held on Wednesday, Cabinet said progress on the sale to str…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"yoast_head":"\n