South African Airways Lands New Majority Equity Investment from Takatso Consortium

The process of revamping South Africa’s national carrier South African Airways is beginning to take shape with the announcement of a new strategic equity partner during an online media briefing held June 11 by the Minister of Public Enterprises Pravin Gordhan. Gordhan named the Takatso Consortium as the preferred new majority shareholder for the struggling airline. Takatso — which means "aspire" in Setswana, is comprised of two entities. Harith General Partners – a leading investor in African infrastructure and airports…