(Posted 16th March 2024)
The South African Department of Public Enterprises (DPE) has announced the termination of negotiations by mutual consent for the transaction to sell a controlling stake in South African Airways (SAA) to the Takatso Consortium. Minister of Public Enterprises Pravin Gordhan explained during a media briefing on 13 March 2024 in Cape Town that while three years ago, a valuation of SAA’s business and assets had been reached, circumstances have now changed – prompting a disagreement on the revised transaction structure.
According to Minister Gordhan,… READ MORE
