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...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now