Black consortium takes 51% of SAA, government holds 49% georgeherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from georgeherald.com Daily Mail and Mail on Sunday newspapers.
New strategic partner for SAA - defenceWeb defenceweb.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from defenceweb.co.za Daily Mail and Mail on Sunday newspapers.
Public Enterprises Minister Pravin Gordhan announced on Friday that Takatso Consortium would own 51% of the airline while government would have a 49% ownership.
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.