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South Africa: Competition Tribunal Approves Takatso Aviation's Majority Stake In National Carrier
allAfrica, 26 July 2023
The Competition Tribunal has accepted Takatso Aviation's proposed acquisition of a 51% holding in South African Airways (SAA), but with restrictions, including a ban on layoffs and… Read more »
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South Africa: Privatisation of SAA Passes Crucial Competition Hurdles
Daily Maverick, 26 July 2023
However, the introduction of private-sector investors in the ownership structure of the troubled airline still has a crucial obstacle. The deal could collapse if SAA's historical… Read more »
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South Africa: Clarifying the SAA-Takatso deal
Govt of SA, 21 April 2023
The Ministry of Public Enterprises (DPE) has followed a fair and transparent process in its pursuit to achieve the government's objectives of finding a strategic equity partner… Read more »
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South Africa: Minister Pravin Gordhan Announces Appointment of Interim Board of Directors of South African Airways Soc Ltd (SAA)
Govt of SA, 17 April 2023
Appointment of the Interim Board of Directors of south African Airways SOC Ltd (SAA) Read more »
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South Africa: Strategic Equity Partnership for SAA Aimed At Saving Airline - Gordhan
SAnews.gov.za, 30 May 2023
Public Enterprises Minister Pravin Gordhan says the sale of shares in South African Airways (SAA) was aimed at ensuring that the State-owned airline is saved and does not undergo… Read more »
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South Africa: Government Determined to See SAA Grow
SAnews.gov.za, 26 September 2022
The Department of Public Enterprises and government are committed to ensuring that South African Airways (SAA) grows and that the Strategic Equity Partnership with the Takatso… Read more »
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South Africa: Few Details, No Deadline On SAA Purchase Deal Leaves Public Spending Watchdog in the Dark
Daily Maverick, 10 May 2022
The deal with Takatso consortium for 51% of SAA shares remains a work in progress, or live transaction, and commercial sensitivities meant details of the deal were not shareable,… Read more »
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.
InFocus
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The interim board of South African Airways (SAA) has said it will implement all of the recommendations of the State Capture report and subsequently go after those Read more »
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Weaning South African Airways (SAA) off the fiscus for its survival is part of Treasury's new approach to cutting bailouts and government guarantees to unproductive and lossmaking ... Read more »
