SAA: Dream venture, or delusion?
It's a brave team that is buying into grounded national carrier SAA. The FM spoke to Takatso CEO Gidon Novick
It’s a brave team that is buying into grounded national carrier SAA. But the deal to take a 51% stake, in the first privatisation in years, has raised a raft of questions, as well as suspicion that the private consortium, Takatso, is simply a channel for government money into the purchase — something the Public Investment Corp (PIC), which owns 30% of consortium member Harith, denies. The other partner is Global Aviation, owner of start-up airline Lift. The FM spoke to Takatso CEO Gidon Novick.
Why announce a deal before the due diligence is complete?..