This archive report was first published on 8 October 2019.
On October 8, 2019, the African National Congress (ANC) revealed that it was considering selling an equity stake in South African Airways, although it had no clear strategy for such a deal.
Ethiopian Airlines, one of the fastest-growing airlines in Africa, has expressed interest in buying a stake in the struggling South African national airline to help it deal with its mounting debt problem.
South Africa's state-owned enterprises have been in a chronic financial state, weighing down the economy. Finance Minister Tito Mboweni has had to allocate additional funds to these debt-ridden companies, including SAA, power utility Eskom Holdings, and the South African Broadcasting Corporation.
Related: Ethiopian Airlines to Acquire 20 Planes from Airbus
