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South Africa Hires RMB to Advise on Airline Stake Sale

  • State-owned SAA is emerging from spell in administration
  • Finance ministry said it wants private investors to fund SAA
A South African Airlines Airbus A320 takes off from O.R. Tambo International Airport in Johannesburg, South Africa.
A South African Airlines Airbus A320 takes off from O.R. Tambo International Airport in Johannesburg, South Africa.Photographer: Waldo Swiegers/Bloomberg
Corrected

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South Africa’s Rand Merchant Bank, the investment banking arm of FirstRand Ltd., has been appointed as an adviser to help the government assess offers for stakes in its insolvent national airline, according to two people familiar with the situation.