Gordhan sees SAA sale completed by early 2022
Government expects to conclude the sale of a majority stake in its state-owned airline to private investors early next year, Public Enterprises Minister Pravin Gordhan said.
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Government expects to conclude the sale of a majority stake in its state-owned airline to private investors early next year, Public Enterprises Minister Pravin Gordhan said.
The sale of 51% of South African Airways to the Takatso consortium is 'certainly moving in the right direction,' Gordhan said.
Refilwe Moloto talks to aviation analyst Desmond Latham about who the players are and how the deal will work.
One of the partners in the Takatso Consortium, which will acquire a controlling interest in SAA, has strong ties to the ANC.
SAA will be 51% owned by Takatso - a consortium comprising Global Airways - which owns domestic airline Lift - and Harith General Partners.