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SAA moves towards privatisation

11-Feb-2010 3:06 PM

South African Airways (SAA) reportedly announced it was looking for a strategic equity partner for its technical division, SAA Technical, as well as for its rewards programme, Voyager (Business Day/Business Report, 11-Feb-2010). South African opposition party, the Democratic Alliance, welcomed what it called a "move towards privatisation" by SAA selling off minority interests in its subsidiaries. The airline stated it will retain a controlling stake in the subsidiaries.