No deal yet for SAA, Takatso

JOHANNESBURG — It has been eight months since the Department of Public Enterprises (DPE) announced that South African Airways has selected a preferred strategic equity partner — the Takatso consortium — to enable the state-owned flag carrier to operate without further government bailouts. The DPE and SAA told last week that the sale and purchase agreement are at an “advanced stage” and that once finalised, government would inform the public. Takatso also confirmed that negotiations with the DPE to buy a 51% stake in SAA are ongoing.

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