A report on Sunday of a R21bn offer for a 51% stake in South African Airways (SAA) has been greeted with disbelief and scepticism by the DA, among others.

According to City Press, Fly Modern Ark — which describes itself on its website as a 100% South African black owned aircraft leasing company — has offered to buy a controlling stake of state-owned enterprise SAA for R21bn with the backing of US private equity firm Cerberus Capital Management...

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