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A âcredibleâ SAA should be part-owned by the public, analysts say
By Banele Ginindza
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THE GOVERNMENT should release a further 10 percent stake of its SA Airways (SAA) holding to the public as an empowerment and accountability effort to be credible about the turnaround strategy in which it has given 51 percent to the Tsakato Consortium, analysts suggested.
They said the public needed to have a direct stake in the national carrier to drive the transformation the state has embarked on and also ensure that there was minimal corruption in the airline, which has to date sucked over R50 billion in interventions.
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