<div style="page-break-before: always; page-break-after: always;">
<p>This comes almost three years after the consortium was announced as the preferred bidder to acquire the airline for R51 &ndash; implying a total valuation of R100. Takatso was expected to inject R3 billion into the business, but that has not yet happened.</p>
<p>Gordhan explained that the original deal was done in the aftermath of the Covid-19 pandemic when SAA had just come out of business rescue and was not flying at the time.</p>
<p>SAA remains fully state-owned, but Gordhan said future operations will not be funded by taxpayers. The airline will look at various other funding options for the expansion of its operations, including expanding its route network. He said SAA can sustain itself for the next year to 18 months and there are various other ways to get immediate financing, &ldquo;but at no stage in the course of the months to come, will SAA get money from the fiscus&rdquo;.</p>
</div>

SAA TAKATSO SALE CALLED OFF

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