Government should ve sold 100% of SAA, says economist
By Tarryn-Leigh Solomons
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Cape Town - Efficient Group economist Dawie Roodt says while the announcement of the 51% sale of South African Airways (SAA) is welcomed, he believes government should have sold the entire entity.
Public Enterprises Minister Pravin Gordhan on Friday announced that Takatso Consortium will acquire a 51% stake in SAA, while government will keep 49% shareholding in the new airline.
Gordhan said Takatso would inject more than R3 billion into the deal.
This comes after SAA has been in business rescue since December 2019 and business rescue practitioners ended the process two months ago.
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