In a dramatic twist that can only be scripted in the murky theatre of SA politics, the much-vaunted privatisation of SAA has hit an air pocket.

The strategic equity partnership with a group of black investors, Takatso, once hailed as a cornerstone of President Cyril Ramaphosa’s reform agenda, has been abruptly terminated. Public enterprises minister Pravin Gordhan’s announcement last week is more than a corporate setback, it is a sobering reality check on our privatisation aspirations...

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