The Department of Public Enterprises (DPE) has reportedly started talks with private entities interested in South African Airways (SAA), which needs at least R10 billion to resume operations.
Bloomberg reported on Wednesday that government and advisers from FirstRand’s Rand Merchant Bank had begun negotiations after receiving four promising proposals.
The report cited DPE director-general Kgathatso Tlhakudi as saying that the state hoped the repurposed airline would take off the ground by the end of the year, depending on the COVID-19 pandemic.
It was unclear who the potential entities were who had shown interest in the troubled national airline.
In July, the DPE said all the conditions for the implementation of SAA’s business rescue plan had been met.
-EWN
In other news – Boity reacts to Maps Maponyane’s sexxy half N@ked photo
Model and businessman Maps Maponyane graced the cover for the latest issue of Mens Health Magazine, leaving many woman flustered with his ripped physic that left little to the imagination.
Boity being one of those flustered women, reacted to the drool-worthy image from the magazine shoot that Maps shared on social media, which evidently had the rapper feeling some type of way. continue reading
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