Takatso Consortium’s to acquire 50% stake in SAA after regulator’s nod

Takatso Consortium is set to acquire 50% stake in South Africa Airways after receiving a nod of approval from South Africa’s Competition Commission. The Department of Public Enterprises (DPE) will retain the remaining 49% of the airline. The Competition Commission investigated the acquisition terms and conditions for 11 long months an approved the deal on the condition that Takatso will retain minimum number of employees. “Takatso will have access to SAA’s competitively sensitive information by virtue of its majority stake in SAA, pursuant to the proposed merger. This concern is further exacerbated by the fact that the domestic passenger airlines market