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Progress made in disposal of stake in airline SAA

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.
Progress made in disposal of stake in airline SAA

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."

A South African Airways (SAA) plane taxis after landing at O.R. Tambo International Airport in Johannesburg, South Africa, January 18, 2020. REUTERS/Rogan Ward
A South African Airways (SAA) plane taxis after landing at O.R. Tambo International Airport in Johannesburg, South Africa, January 18, 2020. REUTERS/Rogan Ward


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About Alexander Winning

Reporting by Alexander Winning; Editing by Alison Williams.

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