Takatso to give SAA wings

Strategic partner says new conditions suit failed national carrier

13 June 2021 - 00:10 By NICK WILSON

Takatso, the black-owned private sector consortium selected as the government's preferred strategic equity partner for SAA, has big plans for the airline, including a possible listing on the JSE in the next few years, as it looks to change the fortunes of the airline, which recently emerged from a 16-month business rescue process.

"If you consider the plans we have for SAA in the next three to five years and you consider the growth that is possible, we believe it will be a listable entity," said consortium chairperson Tshepo Mahloele in an interview on Friday. "It is an iconic brand that we should be able to use to promote more inclusivity. It will be part of the whole confidence-building exercise of getting the general populace to participate in the ownership of this iconic brand."..

This article is reserved for Sunday Times subscribers.

A subscription gives you full digital access to all Sunday Times content.

Already subscribed? Simply sign in below.

Registered on the BusinessLIVE, Business Day or Financial Mail websites? Sign in with the same details.

Questions or problems? Email helpdesk@timeslive.co.za or call 0860 52 52 00.