State to take fresh stab at SAA equity partner

The new attempt comes five years after Takatso Consortium was selected as SAA’s preferred strategic equity partner following the airline’s exit from business rescue in April 2021.

The consortium was selected to acquire a controlling 51% of SAA, with government retaining 49%, and was expected to inject R3 billion in working capital over two years.

It comes more than two years after government scrapped the controversial Takatso deal and a subsequent Middle Eastern investor charm offensive failed to find the state-owned carrier a new backer.