The South African government has terminated the sale of a majority stake in South African Airways (SAA) to Takatso Consortium due to a lack of progress in negotiations. The announcement was made by Public Enterprises Minister Pravin Gordhan during a media briefing in Cape Town.
The South Africa n government has terminated the sale of a majority stake in South Africa n Airways ( SAA ) to Takatso Consortium due to a lack of progress in negotiations. The announcement was made by Public Enterprises Minister Pravin Gordhan during a media briefing in Cape Town. The deal, which would have seen the national carrier remain 100% state-owned, had been announced in June 2021.
However, the clause allowing for the termination of the transaction by mutual consent was activated as there was no clear path forward. The decision has sparked calls for Gordhan's resignation
South Africa Government Sale Majority Stake South African Airways SAA Takatso Consortium Negotiations Termination State-Owned Public Enterprises Minister Pravin Gordhan
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