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South Africa sees SAA sale completed by early 2022

Bloomberg South Africa expects to conclude the sale of a majority stake in its state-owned airline to private investors early next year, Public Enterprises Minister Pravin Gordhan said. The sale of 51% of South African Airways (SAA) to the Takatso consortium is “certainly moving in the right direction,” Gordhan, who oversees state-owned companies, said in an interview with Bloomberg Television. ...

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World’s biggest Ikea opens in Manila as part of global push

Bloomberg Ikea opened its biggest store in the world in the Philippines, with the new 730,000 square foot facility in Manila a cornerstone of the home-furnishings giant’s expansion plans in Asia. The opening was feted with an event held at the store’s cafeteria attended by Philippine trade secretary Ramon Lopez and foreign minister Teodoro Locsin, where Ikea’s cult-favourite Swedish meatballs ...

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Airlines sink most since 2020 on new variant fears, travel bans

Bloomberg Airline shares tumbled the most since the early days of the Covid-19 pandemic, as an emerging virus variant prompted travel restrictions and fears of crimped demand for flights. The UK has halted arrivals from South Africa and several neighbouring countries for two days and limit access mainly to its own nationals from November 28 onward, with a mandatory 10-day ...

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