South Africa Scraps Deal to Sell Stake in National Airline

South Africa has abandoned plans to sell a majority share of its national airline, South African Airways (SAA), to private investors due to disagreements over terms and valuation.

After three years of negotiations, the deal with the Takatso Consortium fell through, leading the government to retain full ownership of SAA.

The collapse of the deal poses challenges for President Cyril Ramaphosa’s efforts to privatize state-owned entities and manage the country’s debt.

Despite this setback, the government remains open to exploring other partnerships for SAA.

(Credit: BBC)

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