The Department of Public Enterprises (DPE) has warmly welcomed the decision of the Competition Tribunal to approve the takeover of State-owned South African Airways (SAA) by the Takatso consortium. The tribunal did, however, impose conditions on the take-over, namely that there be a moratorium of retrenchments at the carrier, and that Takatso’s minority shareholders divest from the consortium. The minority shareholders in the Takatso consortium are Syranix and Global Aviation. They are the partners behind South African low-cost carrier Lift. (The majority shareholder is Harith General Partners.)
