The Competition Commission has recommended that the Competition Tribunal approve the proposed merger between Takatso Aviation and South African Airways. But this comes with conditions on the divestment of government and the employment of those at SAA.
The Competition Commission says it found that the merger does not raise any substantial public interest concerns. The recommendation follows the Commission’s investigation into Takatso intention to acquire 51 percent of SAA from Government.
If the merger is approved by the Tribunal, the remaining 49% shareholding in SAA will be retained by the Department of Public Enterprises. The Commission has been looking at the merger since June last year.
Takatso has committed to injecting R3-billion into SAA, once its debt has been settled and competition authorities sign off on the deal.
Source: eNCA
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