South African Airways will “immediately” start looking for a strategic equity partner.
So said its CEO, Vuyani Jarana, in a letter to trade union Solidarity.
Jarana believes funding pressures are so huge, the airline has no time to first “get into shape” before starting to look for equity partners.
Whitfield also spoke to Nazmeera Moola, and economist at Investec Asset Management.
Does this make sense for SAA?
What type of investor would be interested?
Listen to the interview in the audio below (and/or scroll down for quotes from it).
This is exactly what we’re looking for… full or partial privatisation…— Connie Mulder, Solidarity
Is it able to turn around? It is possible, but what’s necessary is minimal Government interference…— Connie Mulder, Solidarity
SAA desperately needs money. The reality is unavoidable…— Nazmeera Moola, Investec Asset Management
South Africa as a whole is short of money…— Nazmeera Moola, Investec Asset Management
It’s not a shortage of money alone. It’s also a shortage of capacity…— Nazmeera Moola, Investec Asset Management
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