SAA wants investors on board – but government in the cockpit

Both the government and leadership of South African Airways are still open to the possibility of a private equity partner investing in the state-owned airline – but it won’t be looking for a majority owner.

Unlike last time, rather than the government taking the back seat by selling a majority of the state-owned enterprise to a private equity partner , they would now remain in control by maintaining the majority of the shares.interview with the Daily Maverick“SAA wants potential investors to buy a minority stake of up to 20% in the airline, while the government would retain the remaining 80%,” said Hanekom.

Hanekom said that despite strides made by the airline since, such as a massive restructuring and reducing its liabilities, trying to woo potential investors to put money into SAA is an uphill battle. “Any new investor in the business would really need to expand SAA into another dimension currently we are working on an SAA that is resized and we have a plan that we can execute,” said Lamola.

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