South Africa says progress made in disposal of stake in airline SAA

‘The next step involves the approval of this transaction by various regulatory bodies.’
Image: Moneyweb

The South African government said on Thursday that further progress had been made in the disposal of 51% of shares in national airline South African Airways to the Takatso Consortium.

A cabinet statement read: “The Sales and Purchase process has now been concluded and signed by the Department of Public Enterprises and Takatso Consortium. The next step involves the approval of this transaction by various regulatory bodies.”

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6 leased obsolete aircraft do not an airline make. Question: how long does it take to shred R6 billion … ??

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