Don't worry - we will eventually have the money for SAA, Harith says amid funding concerns

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Businessman Tshepo Mahloele. (Photo by Gallo Images / Business Day / Robert Botha)
Businessman Tshepo Mahloele. (Photo by Gallo Images / Business Day / Robert Botha)

Harith, the key company in a consortium in the midst of a due diligence process with government over its offer to buy SAA, says it has enough money to start getting planes in the air again.

Harith’s founder, former CEO and current executive director Tshepo Mahloele, who is also the chair of the Takatso consortium, told Fin24 in an interview that while there was some funding available, he did not foresee any stumbling blocks in raising more money for the initial R3 billion the consortium committed for a majority stake in SAA.

"Do we have enough resources to start going? Yes. We don’t have R3 billion today in the bank, but we at least have enough capital to start getting going now, and have enough assets with our partner," Mahloele said.

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