SAA can operate for 12-36 months with R3bn investment – consortium

An initial R3 billion ($221.20 million) investment commitment should be sufficient to operate a newly re-launched South African Airways (SAA) for 12 to 36 months, the consortium purchasing a majority stake in the airline said on Friday.

Officials from the Takatso consortium told Reuters they would not seek to list SAA within the next three years, saying it would first need to be profitable. They added that the South African government could dispose of more of its 49% stake in the meantime.

INSIDERGOLD

Subscribe for full access to all our share and unit trust data tools, our award-winning articles, and support quality journalism in the process.

Source: moneyweb.co.za