South Africa

MARK BARNES: A golden opportunity to be proved in SAA’s ‘golden share’ model

Strategic partners are the talk of the town. The "sale" of 51% of SAA by the government is a ground-breaking, precedent-setting development, which completely opens up the possibilities for public-private partnerships. That is a good thing. The government is selling control of a state-owned enterprise (SOE) - have you ever? (If indeed that's what it is - it would be a grave error for it to be found out not to be. Deal details are sketchy, and not final, it seems.)

If you sell control and yet maintain a minority stake, you'd better be doing that on purpose. You have to believe that you'll be better off in the hands of the new skipper to stay on the boat - in the full knowledge that it'll now sail a course not of your choosing - rather than cash in and deploy your capital elsewhere...

Football news:

John Terry has left the coaching staff of Aston Villa
Samuel Eto'o: It was Messi who played with me, not me with him
Ronaldo arrived at the location of Juventus
Everton will compete with Arsenal and Tottenham for Correa from Lazio. He requested a transfer
Ronaldinho: I'm watching Milan, I hope they will continue to progress. I'm waiting for Monza in Serie A
Lautaro Martinez: Messi is the best player in the world. He is a model for everyone, we must learn from him
Manchester United and Real Madrid are close to an agreement on Varane. The defender will be paid 45-55 million euros