Sumary of South Africa: Minister Pravin Gordhan Announces Preferred Strategic Equity Partner for SAA Soc Ltd:
- Public Enterprises Minister Pravin Gordhan says the selection of the Consortium is a ground- breaking decision for Government..
- He said, “The partnership brings together South African public and private sector capabilities to reposition SAA..
- To build a model public-private partnership that leverages the commercial skills of the Consortium, build on the brand name and positive image of SAA, which together will serve the national interests of South Africa..
- A longer-term, strategic objective is to create a listed vehicle/Initial Public Offering (IPO) for the airline in which all South Africans will have the opportunity to participate in its success..
- This strategy is supported by existing, successful precedents of broad participation by South Africans in listed national assets….