Government now looks to base SAA on Telkom as model
The department of public enterprises has deviated from its previous position that the airline should be majority state-owned
24 August 2020 - 12:34
UPDATED 24 August 2020 - 17:44
The department of public enterprises has stepped back from its position that SAA should be majority state-owned, and is now looking at the example of Telkom as a possible model for the airline.
As recently as January, the ANC reaffirmed that the state must own 50% plus one of a restructured or new SAA. However, it said in a statement on Monday that it wanted to “maintain a certain level of presence in the ownership of the new carrier”. ..
Would you like to comment on this article?
Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Commenting is subject to our house rules.
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