South Africa mulls airline share sale

South Africa Finance Minister Tito Mboweni has suggested that the government could offer to sell shares in the bankrupt national airline to the public as part of a new plan to revive the carrier, reports Bloomberg. The government could bring the various parts of the South African Airways group into one company that would be co-owned by the state, pension funds, individual investors and an operational partner, Mboweni said in an interview at the Bloomberg Capital Markets Focus virtual event on Tuesday. That includes low-cost arm Mango and maintenance unit SAA Technical as well as the flagship carrier.