Takatso will now own 51% of the national flag carrier while the government becomes the minority shareholder with 49% ownership
The consortium said Novick stepping down amid a conflict of interest would clear the path for the transaction to go ahead
Negotiations between government and the Takatso Consortium fell apart, leaving the national carrier’s future back in the state’s hands
Takatso consortium will now own 51% of the airline and the state 49%