Takatso consortium named as a strategic equity partner for SAA
By Siphelele Dludla
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SAA will be majority owned to a black-owned consortium Takatso as the government has finally found a strategic equity partner for the airline.
Public Enterprises Minister Pravin Gordhan announced today the Takatso consortium as the preferred strategic equity partner for SAA after 19 months of uncertainty.
Gordhan said that the government has agreed to Takatso owning a 51% stake of SAA to Takatso.
This is a move that is probably going to raise the ire of workers unions who feared the airline was being privatised after thousands of employees were laid off at the struggling airline.
South Africa’s government is to sell a majority share in South African Airways to a consortium of investors, as part of the effort to relaunch the troubled flag-carrier.