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South Africa: Cleared for Takeoff? SAA Plans to Restart With R500 Million or Less
Daily Maverick, 30 August 2021
When SAA resumes flights on 23 September, it won't have the promised R3bn from a private sector consortium. The airline will rely on the R500m it received from the business rescue… Read more »
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South Africa: SA Faces Slow Economic Recovery Prospects
New Frame, 25 August 2021
The government's proposed stimulus packages are insufficient to deal with the challenges the country faces. It will take a dramatic shift in approach to avoid another dire decade. Read more »
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South Africa: Bailout Rules for South Africa's State-Owned Enterprises May Be a Prelude to Full Privatisation
Daily Maverick, 9 August 2021
In June, the lower House of the Brazilian Congress approved a bill to sell and fully privatise the country's state-owned power utility, Eletrobras, a move the economy ministry said… Read more »
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South Africa: Minister Pravin Gordhan Announces Preferred Strategic Equity Partner for SAA Soc Ltd
Govt of SA, 11 June 2021
The Ministry of Public Enterprises (DPE) announced today that the Takatso Consortium, comprising Harith General Partners, a leading investor in African infrastructure and airports,… Read more »
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South Africa: Parliament Welcomes Public Enterprises Update On SAA and Call for Resumption of Operations
Govt of SA, 9 June 2021
The Select Committee on Appropriations and the Select Committee on Public Enterprises and Communications received a briefing from the Department of Public Enterprises on the… Read more »
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South Africa: Western Cape Human Settlements On Bailout for South Arican Airways
Govt of SA, 30 October 2020
Bailout for SAA will cost nearly 6 000 beneficiaries property ownership in the Western Cape Read more »
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South Africa: MEC David Maynier On Bailout of State-Owned Airline South African Airways
Govt of SA, 21 October 2020
We are concerned that provincial budgets will be raided to fund the R10.5 billion to bailout zombie state-owned airline South African Airways (SAA). Read more »