South Africa Finance Minister Tito Mboweni has suggested that the government could offer to sell shares in the bankrupt national airline to the public as part of a new plan to revive the carrier, reports Bloomberg.
The government could bring the various parts of the South African Airways group into one company that would be co-owned by the state, pension funds, individual investors and an operational partner, Mboweni said in an interview at the Bloomberg Capital Markets Focus virtual event on Tuesday. That includes low-cost arm Mango and maintenance unit SAA Technical as well as the flagship carrier.