South Africa: Govt Says Takatso Consortium To Hold 51% Of South African Airways

Public Enterprises Minister Pravin Gordhan says government has found a strategic equity partner in a bid to save the embattled South African Airways (SAA).

Gordhan on Friday confirmed that Cabinet has agreed for government to own 49% of the stake, while Takatso Consortium will hold 51% of SAA.

The ground breaking venture...