Government should've sold 100% of SAA, says economist

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Public Enterprises Minister Pravin Gordhan on Friday announced that Takatso Consortium will acquire a 51% stake in SAA, while government will keep 49% shareholding in the new airline.

“In principle, I’m absolutely in favour of this … the only criticism that I have is that the state is still keeping 49% when they should’ve sold all of it. But the question is, are they coming in with new money?

"The partnership brings together South African public and private sector capabilities to reposition SAA. We have looked long and hard at the proposals submitted, and our clear choice of a preferred partner is the Takatso Consortium. The objective of bringing in an equity partner to SAA is to augment it with the required technical, financial and operational expertise to ensure a sustainable, agile and viable South African airline.

Harith General Partners co-founder and chair Tshepo Mahloele said the Takatso Consortium has the experience, expertise, and capital to transform SAA into a substantial operating business in its own right.

 

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Did they sell the 51%? Do we have proof to that effect?

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😂😂😂Those looters🤮 They will never, taxpayers are needed to fund their friends business. Even with 49% shareholding I bet we will be the main funders. Bloody thieves, they think we are stupid

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