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Takatso Consortium committed to concluding the acquisition of a 51% interest in SAA from South African government


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Takatso Consortium committed to concluding the acquisition of a 51% interest in SAA from South African government

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15th August 2022

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/ MEDIA STATEMENT / The content on this page is not written by Polity.org.za, but is supplied by third parties. This content does not constitute news reporting by Polity.org.za.

The Takatso Consortium is committed to concluding the acquisition of a 51% interest in South African Airways (SAA) from the South African government.

Takatso is working closely with the Department of Public Enterprises to ensure fulfilment of the various approvals and pre-conditions to achieving financial closure of the transaction. Additionally, the Competition Commission process is proceeding steadily, and Takatso looks forward to the conclusion
of this stage of the transaction.

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The Consortium shares Government’s view that the transaction will be an eminent example of a public / private partnership in one of South Africa’s most important sectors.

Takatso has an experienced and capable team ready to operate SAA as soon as all regulatory approvals have been achieved.

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In conclusion, Takatso is keen to contribute to the development of the aviation sector in SA, job creation and increasing connectivity in Africa.

 

Issued by Takatso Consortium

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