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South Africa Hires Bain, Abacus to Advise on State Airlines

  • SAA, SA Express survive on state guarantees, Mango made loss
  • Options may include sale of minority stake, non-core assets
Aircraft operated by South African Airways at O.R. Tambo International airport in Johannesburg.
Photographer: Waldo Swiegers/Bloomberg
Updated on

South Africa hired Bain & Co. to advise on the strategy and corporate structure of the country’s three loss-making state-run airlines to improve the benefit to the state from owning the carriers.

Bain, based in Boston, was awarded the contract as part of a joint venture with a South African company, Abacus Advisory, according to a posting on the National Treasury’s website. The contract was awarded in October for a three-month period, a spokesman for the Treasury said in e-mailed comments on Monday.