The government said on Thursday that further progress had been made in the disposal of 51% of shares in national airline South African Airlines (SAA) to the Takatso Consortium.
A cabinet statement read: “The Sales and Purchase process has now been concluded and signed by the Department of Public Enterprises and Takatso Consortium. The next step involves the approval of this transaction by various regulatory bodies.”
Government say progress made in disposal of stake in airline SAA
Image: File
The government said on Thursday that further progress had been made in the disposal of 51% of shares in national airline South African Airlines (SAA) to the Takatso Consortium.
A cabinet statement read: “The Sales and Purchase process has now been concluded and signed by the Department of Public Enterprises and Takatso Consortium. The next step involves the approval of this transaction by various regulatory bodies.”
Deal for Takatso to become SAA's new majority owner to be signed 'by the end of February or next month'
Budget 2022 | Treasury puts struggling SOEs on notice
Would you like to comment on this article?
Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Trending
Related articles
Latest Videos