4 minute read
14 Jun 2021
7:11 pm

SAA privatisation: Could Prasa and Denel be next?

One analyst says the same ANC which destroyed SAA is now claiming they saved it, while benefitting cadre§s, but others have welcomed the move.

New York, USA - March 1, 2020: South African Airways Airbus A350-900 airplane at New York John F. Kennedy airport (JFK) in the USA. Airbus is an aircraft manufacturer based in Toulouse, France. Picture: iStock

Government has run out of money and options to keep the looted and rundown state entities afloat, with experts convinced that the Public Rail Agency of SA (Prasa) and Denel are likely next in line to be sold off to private partners. Political analyst Levy Ndou went as far as suggesting that Takatso Consortium’s acquisition of 51% of state airliner South African Airways (SAA) was a culmination of deliberate running down of state entities in order to justify selling them off to the connected black business elite. Ndou said SAA, which, according to financial statements for 2018 and 2019, recorded...