File: A South African Airways (SAA) plane photographed in the sky. AFP/Bruce Bennett
JOHANNESBURG - The transaction between government and Takatso Consortium for South African Airways has been submitted to the Competition Commission, Competition Tribunal and respective aviation authorities for approval according to the Department of Public Enterprises.
Takatso Consortium is a step closer to becoming the strategic equity partner of SAA, acquiring a 51 percent shareholding of the national carrier.
Government is calling on the regulatory bodies to assess the merits of the transaction timeously so that SAA can service customers efficiently as the festive season approaches.
Friday marks one year of being back in the skies following a business rescue process.
It says the conclusion of the transaction will allow SAA to contribute to trade and investment, tourism and job creation.