Will SAA need more bailouts from government? Time will tell, says interim CEO

Interim CEO of South African Airways (SAA), Thomas Kgokolo, has not ruled out future government bailouts for the airline, despite SAA aiming to have the Takatso consortium as strategic equity partner to bring in an estimated R3 billion over a three-year period.

The agreement will see the Department of Public Enterprises (DPE) diluting its shareholding in the airline to 49%, assigning 51% to the consortium, which comprises Global Aviation and Harith General Partners.