Did you know that SAA was Looted R6.4 BN by Aerosud in a Five Year Irregular Contract meant for SAA to buy 8 Military Transport Aircraft from European Aircraft Giant, Airbus. Herman Mashaba owns 54% out of 68% of the BEE transaction deal with Aerosud that looted Billions from SAA
Aerosud benefited substantially in recent years from the Department of Trade and Industry in the : Industrial participation policy with contracts worth R4 Billion in Five Years.
These contracts flow almost entirely from the offset obligations created by the state or parastatal aircraft purchases, notably SAA’s acquisition of Boeing Passenger Jets. The SANDF planned acquisition of a fleet of Airbus A400M military transport aircraft.
Aerosud Looted R6.4 BN meant to buy 8 Military Aircrafts from Airbus. This meant that Aerosud and Denel each manufactured two components worth R3.2 BN for Airbus. In the Aerosud deal four people got total 68% of the BEE allocation the list below :
The list of those four individuals who got the 68% Aerosud BEE allocation that looted R6.4 BN from SAA :
• Herman Mashaba ~ 54 %
• Ronnie Mamoepa ~ 8%
• Titus Mafolo ~ 3%
• Max Sisulu ~ 3%
• Herman Mashaba ~ 54 %
• Ronnie Mamoepa ~ 8%
• Titus Mafolo ~ 3%
• Max Sisulu ~ 3%
