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Ralph Mathekga | SAA deal: Where is the transparency?

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The writer is concerned that there we haven't seen any transparency from the SAA deal.
The writer is concerned that there we haven't seen any transparency from the SAA deal.
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Taxpayers should be happy about the long-term relief that they no longer have to bail out SAA - but selling the airline for scrap metal is equally worrying, given that the public has invested in the airline over the years, writes Ralph Mathekga.

The announcement that a new private partner has bought a majority stake in the beleaguered South African Airways (SAA) seems like good news - until one begins to think about the nature of this transaction.

A few days ago, Takatso consortium announced that the partner will acquire 51% of SAA, while the government remains with a 49% stake. It is good news that the taxpayer will be relieved of having to bail out the airline. The ANC-led government has been criticised for its mishandling of state-owned enterprises (SOEs), most of which are in operational and financial crisis.

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