SAA: What's the big deal?
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19 July๐ง๐ต๐ถ๐ ๐๐๐ผ๐ฟ๐ ๐ผ๐ฟ๐ถ๐ด๐ถ๐ป๐ฎ๐น๐น๐ ๐ฎ๐ถ๐ฟ๐ฒ๐ฑ ๐ผ๐ป ๐ฎ๐ฒ ๐๐๐ป๐ฒ ๐ฎ๐ฌ๐ฎ๐ฎ.
South African Airways, once routinely rated the continentโs best airline, is a shadow of its former self: after a difficult business rescue, itโs 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.