Public Enterprises on judgment dismissing Toto application
3 Oct 2022
The Department of Public Enterprises welcomes the Western Cape High Court judgement today that dismissed with costs Toto Investments Holdings application to interdict the implementation of the introduction of a strategic equity partner into South African Airways.
Toto Investments was unsuccessful in the following reliefs that they were seeking:
1. Toto Investments required the disclosure of all documents on a non-confidential basis – The Court ordered that certain documents should be disclosed on a confidential basis while others should be disclosed on a non-confidential basis.
2. Toto Investments wanted to interdict the implementation of the transaction for the introduction of strategic equity partner in SAA pending the finalisation of the review application – The Court dismissed the application with costs including the costs of two counsels.