The government has sold control of SAA to a group of investors comprising Harith General Partners, an investor in African infrastructure and airports, and airline management firm Global Airways, offloading a company that has been a drain on the fiscus.  

The deal with the Takatso consortium comes six weeks after the airline, one of the most high-profile victims of state capture and corruption during the Jacob Zuma presidency, emerged from a 16-month-long business rescue. That process allowed it to leave behind its hefty financial baggage — employee costs and debt repayments — to allow turnaround specialists to slim it down, dress it up for an equity partner and wean it off government bailouts...

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