NEWS ANALYSIS: The ins and the outs of SAA deal: who pays the debt and what is the price?

SA’s first privatisation in decades — the acquisition of 51% in SAA by private consortium Takatso — is an intriguing transaction. Among the big questions are not just how it will work, but will it work at all, given the competitive airline market, the damage wrought on SAA’s market share over the past 18 months and the tendency of the government to constantly interfere.

The place to start is with the debt. All of SAA’s legacy debt has already or will be taken care of by the government, says public enterprises minister Pravin Gordhan. The National Treasury is repaying R16.4bn over three years beginning last year, and in October 2020 allocated R10.5bn to fund the rescue plan...

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

NEWS ANALYSIS: The ins and the outs of SAA deal: who pays the debt and what is the price?Tito Mboweni has not yet agreed to R3.5bn required from the fiscus, but money will no doubt be allocated The best choice I've made this year was investing in cryptocurrency and forex trading and earning from home. With the help of KevinKatch2 I've been earning ZAR60,353.00k weekly I've never regretted this decision fellow RSA, 🙏🏻 Who are the shareholders of Harith and Global aviation?
Source: BDliveSA - 🏆 12. / 63 Read more »

Daily news update: G7 promises vaccine donations, Netanyahu ousted, Surtie-Richards funeral | The CitizenHere’s your morning news update: an easy-to-read selection of our top stories. Stay up to date with The Citizen – More News, Your Way. The best choice I've made this year was investing in cryptocurrency and forex trading and earning from home. With the help of KevinKatch2 I've been earning ZAR60,353.00k weekly I've never regretted this decision fellow RSA, 🙏🏻 There’s a difference between working with someone reliable and one who’s not. This is really amazing, I just got another withdrawal from my investment with SilverAustinefx reach out to him and try something different. Trading and investment has been a lot more easier with SilverAustinefx $500 startup capital and got my returns of $3000 in just a week of trade he’s genuine and transparency has always been tested❤️SilverAustinefx, I’m forever grateful
Source: TheCitizen_News - 🏆 6. / 75 Read more »

NEWS ANALYSIS: The ins and the outs of SAA deal: who pays the debt and what is the price?Tito Mboweni has not yet agreed to R3.5bn required from the fiscus, but money will no doubt be allocated The best choice I've made this year was investing in cryptocurrency and forex trading and earning from home. With the help of KevinKatch2 I've been earning ZAR60,353.00k weekly I've never regretted this decision fellow RSA, 🙏🏻 Who are the shareholders of Harith and Global aviation?
Source: BDliveSA - 🏆 12. / 63 Read more »

Pick n Pay’s exclusivity provisions in lease deal officially scrappedSupermarkets that are privately owned and controlled by historically disadvantaged persons can now access letting space
Source: BDliveSA - 🏆 12. / 63 Read more »

SACP asks govt for transparency regarding SAA's new strategic partnershipOn Friday, Public Enterprises Minister Pravin Gordhan announced Takatso Consortium as a new strategic equity partner for the state-owned airline, SAA.
Source: ewnupdates - 🏆 30. / 53 Read more »

State’s 49% stake in SAA can be further dilutedTakatso’s majority share could increase if the airline needs more funds So many bitcon traders on Twitter are trickster AmeliaMaveric thank you for opening my eyes to their ways now I’m pretty sure I’ll be able to help others There’s a difference between working with someone reliable and one who’s not. This is really amazing, I just got another withdrawal from my investment with SilverAustinefx reach out to him and try something different. It can't be diluted beyond the 0% that it is worth now😎
Source: BDliveSA - 🏆 12. / 63 Read more »