Takatso, SAA merger approved by Competition Tribunal

Finance Minister Enoch Godongwana has allocated R1 billion to SAA in his Budget 2023, but this is not enough to settle all the airline's historic debt. Image: David Thomas

The company is on its way to acquiring, from the government, a 51% stake in the struggling national carrier.

"The Tribunal's approval is also an affirmation of our conviction that such competition can only come from a strong, competitive, financially-sustainable, and agile SAA, backed by a committed equity partner supporting it to grow and seize opportunities presented by the market at the moment."

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

DPE nods to Competition Tribunal's approval of Takatso's 51% acquisition of SAAThe Competition Tribunal approved the transaction with conditions, including that the airline needn't retrench staff as well as that the minority shareholders in Takatso divest from the company.
La source: ewnupdates - 🏆 30. / 53 Lire la suite »

Competition watchdog approves SAA, Takatso deal - but bars minority shareholders, retrenchments | BusinessThe Competition Tribunal has approved Takatso Aviation's proposed acquisition of a 51% stake in the South African Airways, but given conditions, including a moratorium on retrenchments, as well as a sale of the stake of minority shareholders.
La source: News24 - 🏆 4. / 80 Lire la suite »