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”. 

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 exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now