Takatso Consortium announced as SAA's new strategic equity partner

Public Enterprises Minister Pravin Gorhdan has announced Takatso Consortium as the new strategic equity partner for SAA. Takatso will own 51% of the restructured airline while government will hold a 49% stake into the new SAA. Government says it will not be putting any money into the new consortium. Gordhan says Takatso will invest just over 3 billion rand into the new airline. Gordhan says after the conclusion of all business rescue process the purchase agreement will be signed with Takatso consortium. We spoke to Adv. Melanchton Makobe, Acting Director General at the Department of Public Entreprises & Independent Analyst Khaya Sithole.