South African Airways Stake Sale Favored in Quest for Profit
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South Africa will search for potential buyers for an equity stake in South African Airways SOC Ltd. as the government seeks to return the national carrier to profitability.
“We will have to go to the market to see what the appetite is,” Public Enterprises Minister Lynne Brown told reporters in Cape Town yesterday. No preferred partners have been identified and the size of the stake that could be put up for sale hadn’t been determined, she said.