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Takatso, SAA merger approved by Competition Tribunal

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Takatso Aviation has hailed the Competition Tribunal's approval of its proposed merger with South African Airways as a historic moment. ECRNewsWatch SAA

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."

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