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SAA-Takatso deal: The million-dollar question | Business

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More than two years after SAA's proposed private equity partner Takatso was announced, the public remains in the dark about the transaction's structure. | politicsblahbla

The deal to save SAA - which entails taking it out of business rescue, clearing all debt, and recapitalising it - was announced two years ago.

In June 2021, Public Enterprises Minister Pravin Gordhan announced that Takatso – a consortium formed by infrastructure fund manager Harith and Global Aviation – would buy 51% of SAA, the most significant privatisation in decades. The choice of strategic equity partner was controversial. Gordhan and his officials chose a partner without advisors and without informing the National Treasury of the deal until after the transaction's memorandum of understanding and principles had been agreed upon.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.

 

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