SAA privatisation a step closer as Takatso deal gets approved
25 July 2023 - 13:19
UPDATED 21 July 2023 - 22:50
A group of investors behind the deal to buy a controlling stake in SAA has regulatory approval to get it over the line, taking one of President Cyril Ramaphosa’s biggest privatisation drives a step closer to completion.
The Competition Tribunal, which adjudicates on antitrust matters brought to it by the Competition Commission, said the Takatso Consortium has the go-ahead to buy 51% of SAA on condition that it does not cut jobs and that minority shareholders sell their 20% stake in Takatso...
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