Summary

  • The Competition Tribunal of South Africa has given its approval for the merger between SAA and Takatso Aviation, subject to divestiture conditions.
  • The Department of Public Enterprises (DPE) welcomes the decision and sees it as a crucial step in restoring SAA's success.
  • Takatso Aviation will acquire a 51% stake in SAA, while the DPE retains a 49% shareholding. Takatso minority shareholders will be forced to divest from the transaction.