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South Africa considering selling Telkom stake to fund SAA - Treasury spokesman
August 23, 2017 / 4:17 PM / 4 months ago

South Africa considering selling Telkom stake to fund SAA - Treasury spokesman

JOHANNESBURG, Aug 23 (Reuters) - South Africa is considering selling its stake in landline provider Telkom to fund a 10 billion rand ($757 million) bailout required by national carrier South African Airways, the Treasury spokesman said on Wednesday.

“It’s an option among others we are looking into, and nothing has been finalised,” Mayihlome Tshwete told Reuters.

$1 = 13.2013 rand Reporting by Olivia Kumwenda-Mtambo; Editing by James Macharia

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