Who is Takatso consortium?
Takatso Consortium (“Takatso”) was identified as the preferred strategic equity partner. Takatso is a consortium of private sector participants that have the requisite combination of financial and operational capabilities required for the successful operation of SAA.
How much did Takatso consortium pay for SAA?
Bloomberg reported that the consortium paid R51, sparking probing questions from parliamentary oversight body Scopa.
Is SAA sold?
The South African government is selling a 51% stake in South African Airways (SAA) to Takatso consortium, which will initially commit more than 3 billion rand ($221 million) to give the struggling airline a new lease of life.
Who bought South African Airways?
The Takatso Consortium
The Takatso Consortium has picked up a 51% share of South African Airways for pocket change as questions swirl details of the deal. South African Airways is set to pass into majority private ownership for the princely sum of US$3.16.
Who is Tshepo Mahloele?
Mahloele is a leading African businessman who has endeavoured in the private equity space for over two decades.
Who owns Harith general partners?
the Public Investment Corporation
Harith is owned by Harith Holdings (Pty) Ltd and the Public Investment Corporation, Africa’s largest asset manager with close to US$300 billion in total assets under management.
What is the money in South Africa?
South African randSouth Africa / Currency
How much did SAA sold for?
Sale of troubled state airline to private consortium enters final stage, with government promising an end to financial support. It’s official.
How many aircraft does SAA have?
According to data from ch-aviation.com, there are presently just eight aircraft in the South African Airways fleet. Of these, three are examples of Airbus’s A319-100 narrowbody twinjet. All of these aircraft are presently active, and they have an average age of 17 years old.
Who owns SAA now?
Department of Public EnterprisesSouth African Airways / Parent organization
Who owns Harith General Partners?
Who is Warren Wheatley?
Warren Wheatley is the Chief Investment Officer of Lebashe Investment Group along with being one of the founding principals. Warren serves as a non-executive director on the board of Arena Holdings and chairman of the Joint Investment Committee of the Telkom Retirement Fund.