Gordhan expects Takatso deal to be concluded in four months, says new SAA chair Hanekom | Business

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The deal between South African Airways and its chosen strategic equity partner, the Takatso Consortium, will hopefully be concluded within the next four months, its newly appointed chair Derek Hanekom has been told. | News24_Business

SAA's new interim chair, former tourism Derek Hanekom, says he's been told aHanekom says it's too soon for him to be able comment on SAA's equity deal, but this was the timeframe given to him by He added that he had faith in the airline and its value to SA, while its new interim board wouldn't just"rubber-stamp" decisions.

Investment firm Harith and Global Airways, owner of the LIFT airline, are the Takatso partners. Gordhan announced the deal already in June 2021, with Takatso expected to hold 51%. "SAA has turned a corner. The airline is not in a crisis. Although the financials for the last financial year still has to be finalised and tabled, it is looking positive," said Hanekom.

He laughed when asked why he decided to come out of"semi-retirement" and head up SAA's interim board.

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_Business Hahahaha bring in a whitey to 'ok' the crooked deal will not change a thing. Fuqking corrupt clowns

_Business Please keep up the good work, it was mind blowing when I opened my wallet and saw the profits of ZAR100,000K 😮 from the investment of R20K It's been cool ever since I started investing with you Sir, please follow him now for guidance he's Worthy to be recommend Mrart3rs

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