Takatso Consortium Owner
Mango Airlines Placed Under Business Rescue as Bankruptcy Looms
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Around 290 SAA Pilots May Be Retrenched Following New Deal
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SA Government Loses Majority Stake in South African Airways
Sourced from The African Report. /* custom css */ .tdi_4_700.td-a-rec-img{ text-align: left; }.tdi_4_700.td-a-rec-img img{ margin: 0 auto 0 0; } The South African government has lost the majority stake of its ailing airline, South African Airways (SAA) through a deal with its new strategic partner Takatso Consortium. Public Enterprise Minister Pravin Gordhan has announced the news that the government has reached an agreement with Takatso Consortium, a private company, that will now own 51% of the airline, with the government remaining with a minority stake at 49%. “Government and the ANC [have] indicated over some time the intention to restructure SAA. The airline was placed into business rescue in December 2019 and since then our objective has been to ensure a viable and competitive airli...
