The DPE has announced that SAA will be revived through a new business model, which is said to have been applied in the contentious Mooikloof Mega Residential City project.
The Department of Public Enterprise (DPE) took to Twitter on Tuesday, 13 October 2020, to reveal that it is currently finalising the new business model for the embattled national carrier, South African Airways (SAA). The post comes on the back of calls for the government to completely do away with SAA, as it has already been bailed out by the state multiple times.
According to the Twitter thread, the DPE is intending to use the strategic equity partnership (SEP) model to revive and restructure SAA, which is reportedly the same model that the government applied in the Mooikloof Mega Residential City project. The government partnered with Baldwin Properties for the housing project.
The thread also revealed that the department has yet to finalise who the contract will be awarded to, amid much scrutiny of the tender processes followed by the government.
See the post below.
— DPE_ZA (@DPE_ZA) October 13, 2020