SAA deal flies into a storm amid doubt over funding

Funding for SAA deal is still up in the air

2021-06-17 03:23:00 AM

Funding for SAA deal is still up in the air

Harith’s private equity funds are fully committed

BL PREMIUM16 June 2021 - 21:46Carol PatonHarith General Partners, which was named last week as the private equity investor in SAA, has not yet determined the vehicle it will use to invest in the airline or the source of the capital, the company said in response to questions on Tuesday.

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Takatso, a consortium of Harith and Global Aviation, is to acquire 51% of SAA, public enterprises minister Pravin Gordhan announced on Friday...BPremiumThis article is reserved for our subscribers.A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

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‘People feel they have a stake in SAA’ — Gidon Novick - The Mail & GuardianGidon Novick, one of the people trusted with getting SAA back in the skies, is prepared to face criticism of the airline’s new ownership. “There will always be detractors. You can’t make everybody happy,” he says on a phone call with the Mail & Guardian. The M&G's investigative journalists could assist with revealing the secrets surrounding the SAA proposition

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‘People feel they have a stake in SAA’ — Gidon Novick - The Mail & GuardianGidon Novick, one of the people trusted with getting SAA back in the skies, is prepared to face criticism of the airline’s new ownership. “There will always be detractors. You can’t make everybody happy,” he says on a phone call with the Mail & Guardian. The M&G's investigative journalists could assist with revealing the secrets surrounding the SAA proposition

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