How the SAA deal collapsed
The Takatso consortium says part of the reason it pulled out of the deal to acquire 51% of SAA included delays in concluding the deal through renegotiations and competition law checks and balances.
A deal the South African government has been negotiating for three years to sell a majority stake in South African Airways (SAA) has fallen apart, the minister overseeing the company said on Wednesday.
The government announced the planned deal to sell a controlling stake in SAA to the Takatso Consortium in 2021, part of efforts to end recurring bailouts to the flag carrier.
But Public Enterprises Minister Pravin Gordhan told reporters the government and Takatso had agreed "there was no clear path forward" for the transaction after a new business and asset valuation.










