In May, the Competition Commission recommended the tribunal's approval for the 51% transfer of SAA shares to Takatso, subject to specified conditions being fulfilled.
Under the agreement, Takatso would secure a 51% share of SAA and commit a two-year capital injection of R3bn, while the state retains 49%.
Lift Airline, jointly owned by Global Aviation and Syanic, holds a 20% stake in Takatso.
One of the conditions of the transfer of SAA shares to Takatso entails excluding minority partners (Global Aviation and Syranix) from the consortium to prevent a reduction in competition within the domestic airline market.
Concerns arise regarding their access to "competitively sensitive" data if they maintain their stake.
The second aspect of the agreement involves implementing a "moratorium on retrenchments related to the merger" and ensuring a minimum staff level is maintained at SAA.
After being grounded for financial reasons, SAA aircraft returned to the skies two years ago, marking a significant milestone in their operational revival.
The airline has recorded a historic operating profit for the first time since then.