SAA buyer close to completing due diligence

South Africa said the private group looking to take a majority stake in the country’s dormant national airline is close to completing due diligence ahead of a planned resumption of flights later this month. The Takatso consortium has yet to identify any material issues that would scupper the South African Airways deal, the Department of Public Enterprises said in a presentation to lawmakers on Wednesday. The group is made up of Johannesburg-based Global Airways, which owns new domestic airline Lift, and private-equity firm Harith General Partners.