Novick’s exit from SAA bidding consortium: “We brought the skills, but were kept in the dark.”

Loading player...
For many external observers, airline veteran Gidon Novick personified the best chance of a turnaround for teetering South African Airways and saving at least some of the billions injected by taxpayers. But the former CEO of Comair and co-founder of Lift this week announced his resignation as a director of the Takatso consortium which is negotiating to acquire 51% of SAA. Forthright as ever, Novick says his team brought airline expertise to the consortium and invested heavily over 18 months in compiling a project plan – but despite its 20% shareholding was “kept in the dark”. He spoke to Alec Hogg of BizNews. Learn more about your ad choices. Visit megaphone.fm/adchoices
17 Nov 2022 8AM English South Africa Investing · Business News

Other recent episodes

The UP student who turned Excel into a world title – Pieter Pienaar

When you’re filling in a Microsoft Excel spreadsheet, the idea of an international competition testing those skills is probably far from your mind. Yet Excel has become an esport, with competitors from around the world solving high‑pressure challenges on a major stage in Las Vegas. This year, University of Pretoria…
19 Dec 11AM 19 min