The original article can be found here.
Article highlights:
- Although South African Airways (SAA) is set to take to the skies again as from Thursday 23 September, its chosen strategic equity partner, the Takatso Consortium, is so far not involved in the management, funding or relaunch plans.
- Takatso CEO Gidon Novick said in a statement that the relaunch of SAA is separate to the engagement between Takatso and the Department of Public Enterprises to acquire a 51% stake in the national flag carrier..
- “We have progressed the due diligence process of SAA, which is now substantially complete, and no material issues have been identified,” said Novick.
