SAA close to being in private control

Hanno Labuschagne

Hanno Labuschagne

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SAA close to being in private control

Government is making strides in concluding the disposal of 51% of its shares in South African Airways (SAA) to strategic partner Takatso Consortium.

In a statement following an ordinary meeting held on Wednesday, Cabinet said progress on the sale to strategic equity partner, Takatso Consortium, now hinges on approval from industry bodies.

[SANews]
 
Takatso Consortium: "The consortium comprises Harith General Partners, a pan-African investor in African infrastructure, as well as aviation group Global Aviation. Harith General Partners is chaired by former deputy finance minister Jabulani Moleketi. The other equity partner is Global Airways' Gidon Novick who will serve as Takatso CEO"

Will anything be different from how the current politicians run it?
 
Pax said:
Takatso Consortium: "The consortium comprises Harith General Partners, a pan-African investor in African infrastructure, as well as aviation group Global Aviation. Harith General Partners is chaired by former deputy finance minister Jabulani Moleketi. The other equity partner is Global Airways' Gidon Novick who will serve as Takatso CEO"

Will anything be different from how the current politicians run it?
Click to expand...

The CEO is the person who runs the company and Gidon Novick (founder of Kulula, Lift, former Discovery Vitality & Comair CEO) seems to be well qualified to run an aviation company.
 
Is this "close to being complete" in the same way as the digital TV migration was <insert years> ago?
 
kolaval said:
Hmmm can they not do this for eskom and sapo as well?
Click to expand...
They could. This was suggested a few years back, I think Pravin Gorhdan was pushing this ..... but IIRC Zuma and his cronies pushed back because SOEs were a source of income for them.
 
Government is making strides in concluding the disposal of 51% of its shares in South African Airways (SAA) to strategic partner Takatso Consortium.
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This is a good thing and about time.

The gov are a shareholder and get a dividend, while private equity controls the entity.

I hope they turn it around and we get our National Carrier back.
 
TEXTILE GUY said:
They could. This was suggested a few years back, I think Pravin Gorhdan was pushing this ..... but IIRC Zuma and his cronies pushed back because SOEs were a source of income for them.
Click to expand...
Income would be wrong... They were piggy banks, and if they'd even been partially privatised then those piggy banks would have closed.
 
Gidon Novick talks with Alec Hogg on his recent resignation from Takatso.


And this is why I will never, ever partner with this type of consortium.
 
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