Fifty-one percent of SAA will be sold to a consortium, while the Department of Public Enterprises will own the other 49%.
South African Airways plane. Picture: Facebook
CAPE TOWN/JOHANNESBURG – It’s official – a newly configured South African Airways (SAA) will be jointly owned by government and a strategic equity partner.
The new SAA will be majority owned by the Takatso Consortium, which means “aspire” in SeSotho, with a 51% shareholding. The South African government will hold the remaining 49%.
In a statement released on Friday morning, Takatso Consortium said it was chosen to partner with the Department of Public Enterprises to keep the ailing airline in the air.
Public Enterprises Minister Pravin Gordhan also addressed the media on Friday morning,…