The Competition Commission has recommended the booting out of minority shareholders from a consortium that plans to buy a majority stake in state-owned airline SAA. But the minority shareholders will challenge the commission’s decision at the Competition Tribunal.
State-owned airline South African Airways (SAA), which exited business rescue in April 2021, and is in the process of being taken over by a strategic equity partner (SEP), has briefed Parliament’s Portfolio Committee on Public Enterprises that that SEP had to assume control as soon as regulatory approvals made it possible. That was essential to allow the airline to regain market share. SAA’s SEP is the Takatso Consortium, which will take a 51% share in the carrier. The government will retain the remaining 49%.
Vaping is growing in popularity and is seen as a trendy alternative to cigarettes amongst younger users. However, many are unaware that vapes are actually electronic waste, cautions Patricia Schröder, vice president at the Institute of Waste Management of SA.