SAA to privatise. Will ‘immediately’ look for equity partner - Solidarity

SAA new Airbus A330-200 named Charllote Maxeke arrives at the Cape Town International Airport. Picture: Elmond Jiyane/GCIS

(Also read: Meet Vuyani Jarana, the brave man tasked with saving SAA)

South African Airways will “immediately” start looking for a strategic equity partner.

So said its CEO, Vuyani Jarana, in a letter to trade union Solidarity.

Jarana believes funding pressures are so huge, the airline has no time to first “get into shape” before starting to look for equity partners.

The Money Show’s Bruce Whitfield interviewed Solidarity Head of Research Connie Mulder.

Whitfield also spoke to Nazmeera Moola, and economist at Investec Asset Management.

Does this make sense for SAA?

What type of investor would be interested?

Listen to the interview in the audio below (and/or scroll down for quotes from it).

This is exactly what we’re looking for… full or partial privatisation…

Connie Mulder, Solidarity

Is it able to turn around? It is possible, but what’s necessary is minimal Government interference…

Connie Mulder, Solidarity

SAA desperately needs money. The reality is unavoidable…

Nazmeera Moola, Investec Asset Management

South Africa as a whole is short of money…

Nazmeera Moola, Investec Asset Management

It’s not a shortage of money alone. It’s also a shortage of capacity…

Nazmeera Moola, Investec Asset Management

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