PE Firm Harith to Buy 46% Stake in South African Rival Mergence bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Two of the three SOEs (the IDC and PIC) generated profits and paid taxes on them, contributing to the fiscus instead of draining the public purse by requesting taxpayer-funded bailouts.
SA’s competition authorities have approved the sale of a majority stake in SAA to private sector investors, but some will be left in the departure lounge.