South African Airways In New Strategic Partnership

The Competitions Tribunal has approved a 51% takeover of South African Airways (SAA) by Harith General Partners and Global Aviation, with the condition that minority shareholders in the two entities sell their shares. The two firms also had to agree that no retrenchments would take place at SAA. The government will keep a firm minority stake of 49%, writes Jerry Chifamba for AllAfrica.

SAA will hopefully see an end to its years-long financial woes, brought on by mismanagement and corruption. Numerous financial bailouts by the South African government and taxpayers over the years have not helped he airline get over its financial crisis.

The airline was placed in business rescue in 2021.


A South African Airways Airbus (file photo).

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