Government is committed to the SAA Takatso transaction
Government is committed to the finalisation and on-boarding of the Takatso Consortium, as a strategic equity partner acquiring a 51% shareholding of the South African Airways (SAA).
The transaction has been submitted to the relevant regulators including the Competition Commission, Competition Tribunal and respective aviation authorities for their approval.
“We urge all regulatory authorities to assist in having a speedy conclusion to this process. We also want to assure the loyal customers of SAA that we will do everything possible to ensure SAA grows from strength to strength.
“We also compliment the executive chair, Prof Lamola, board, and staff for the formidable work they have done to grow the SAA presence in the market and providing a much-needed service to the traveling public given the shortage of capacity,” said Minister Pravin Gordhan.
Today, SAA celebrates one-year of service since taking to the sky after a successful business rescue process. The BR process has resulted in the emergence of a competitive, sustainable and technologically agile airline that is gradually regaining its market share and continues to offer best service to its customers.
The re-emergence of SAA ensures that the national airline continues to play a critical role in the aviation industry and economy at large by providing air transportation connectivity services for both passengers and cargo, facilitating trade & investment, tourism and promoting job creation.
For Media Enquiries contact Richard.mantu@dpe.gov.za or 012 431 1203
