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Takatso Consortium

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(Delwyn Verasamy/M&G)
AIRLINE INVESTMENT

There is a place for SAA domestically, if it adopts the low cost model

The ‘old fashioned’ carrier is still struggling for passengers

  • Anathi Madubela
6 min read
Public Enterprises Minister Pravin Gordhan. (Waldo Swiegers/Getty Images)
ANALYSIS

Can SAA soar without its wingman?

The government’s effort to nail down a strategic equity partner with fat pockets hasn’t worked out. But if the national carrier cleans up its financial act, it could still be in…

  • Sarah Smit
6 min read
The national carrier SAA emerged from three years under business rescue in April last year, thanks to a R10.4 billion bailout. However, it is still grappling with the effects of a turbulent history marked by financial distress, operational problems and allegations of mismanagement. (Delwyn Verasamy/M&G)
BUSINESS

SAA-Takatso deal to be referred to SIU

The parliamentary committee on public enterprises has recommended that the SIU further investigate the matter to ensure accountability and transparency

  • Lyse Comins
7 min read
The late minister Pravin Gordhan. Photo: Essa Alexander/Sunday Times
AIR A LUFTHANSA CONSULTING

Former DG wants ‘liar’ Gordhan held accountable for SAA deal

Kgathatso Tlhakudi said the allegations of an irregular selection process and the undervaluation of SAA assets to unfairly enrich selected ‘oligarchs’ should be spotlighted This…

  • Lizeka Tandwa
1 min read
Secrecy: Private Enterprises Minister Pravin Gordhan has been accused by parliamentarians of not being transparent about the national carrier sale, which has still not been concluded. Photo: Mlungisi Louw/Getty Images
KGATHATSO TLHAKUDI

MPs call for parliament to investigate Gordhan’s handling of SAA sale

The minister failed to submit two key documents to the portfolio committee on public enterprises, without which they will not back the deal

  • Emsie Ferreira
5 min read
The national carrier emerged from business rescue in 2021 and reported its first profit in more than a decade
COMPETITION TRIBUNAL

Competition Tribunal approves Takatso Consortium takeover of SAA

Takatso will now own 51% of the national flag carrier while the government becomes the minority shareholder with 49% ownership

  • Anathi Madubela
1 min read
The national carrier SAA emerged from three years under business rescue in April last year, thanks to a R10.4 billion bailout. However, it is still grappling with the effects of a turbulent history marked by financial distress, operational problems and allegations of mismanagement. (Delwyn Verasamy/M&G)
AIR SEYCHELLES

Takatso-SAA deal: unveiling the global phenomenon of $1 acquisitions

Acquisitions involving nominal amounts have rescued failing businesses, including Chelsea soccer club and General Motors

  • Tebogo Khaas
7 min read
The national carrier SAA emerged from three years under business rescue in April last year, thanks to a R10.4 billion bailout. However, it is still grappling with the effects of a turbulent history marked by financial distress, operational problems and allegations of mismanagement. (Delwyn Verasamy/M&G)
AFRICAN NATIONAL CONGRESS

Gordhan, suspended DG, to appear in parliament over SAA deal

Public Enterprises Minister Pravin Gordhan will be called to appear before parliament to respond to claims by suspended director general Kgathatso Tlhakudi of impropriety in the…

  • Paddy Harper
5 min read
Pravin Gordhan 13/12/2015 – 2017
DEREK HANEKOM

Gordhan going rogue again, says NUMSA after SAA board appointments

Led by Derek Hanekom, this will be the eighth board to oversee the ailing national carrier in 14 years

  • Staff Reporter
1 min read
The public enterprises minister has said there have been deliberate attempts to undermine the transaction, which is aimed at rehabilitating the airline. (Gulshan Khan/AFP)
ENOCH GODONGWANA

SAA sale is above board, says Gordhan

The public enterprises minister has said there have been deliberate attempts to undermine the transaction, which is aimed at rehabilitating the airline

  • Sarah Smit
1 min read
UDM leader Bantu Holomisa. (Photo by Foto24/Gallo Images/Getty Images)
BANTU HOLOMISA

‘Corrupt’ SAA sale to be challenged in court

UDM leader Bantu Holomisa says the organisation is seeking an urgent application to set aside the sale of SAA to Takatso

  • Khaya Koko
2 min read