South African Airways Partial Privatization Plan Terminated
On March 13, 2024, Pravin Gordhan, the Minister of Public Enterprises (DPE), announced the mutual termination of the plan to partially privatize SAA.
Takatso Consortium
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Commission Recommends Conditions for Takatso Consortium’s Acquisition of South African Airways
South African Airways (SAA) has been in the midst of a semi-privatization process, with the Takatso consortium poised to acquire a majority stake. However, the Competition Commission has recommended that two companies, Syranix and Global Aviation, who co-own low-cost airline LIFT, leave the consortium before it acquires SAA. The commission stated that their presence in […]
South African Airways Restructures Leadership Team
Last week, South African Airways announced changes to its leadership structure. The carrier’s interim CEO Thomas Kgokolo — who has led the airline for a year now — has stepped down from the position, with the role subsequently being assumed on a more permanent basis. John Lamola will replace Kgokolo, who has been serving as non-executive […]
South African Government Concludes Sale Agreement for South African Airways
The South African government said last Thursday that Takatso consortium will now take up 51% of the South African Airways’ shares after a sale agreement was concluded — marking eight months since the consortium. The agreement that consists of Global Airways, owners of low-cost airline LIFT and an infrastructure investment firm called Harith General Partners […]
