SAA: What's the big deal?
𝗧𝗵𝗶𝘀 𝘀𝘁𝗼𝗿𝘆 𝗼𝗿𝗶𝗴𝗶𝗻𝗮𝗹𝗹𝘆 𝗮𝗶𝗿𝗲𝗱 𝗼𝗻 𝟮𝟲 𝗝𝘂𝗻𝗲 𝟮𝟬𝟮𝟮.
South African Airways, once routinely rated the continent’s best airline, is a shadow of its former self: after a difficult business rescue, it’s been shorn of planes and personnel to ease the pressure it places on the fiscus. After years of taxpayer-funded subsidies, a majority share in the airline has been sold to a private consortium for what some experts say is a fraction of its value. So, how much is SAA truly worth? R3 billion? R6 billion? R10 billion? Or perhaps R3 000 000 051 in operating capital and shares the chosen equity partner will stump up... Carte Blanche crunches the numbers.