Fourthly, SA Airways, SAA, and Swiss Air AEG which was also reversed later. Fifthly, Rheinmetall Denel Munition, one of the most successful deals that the state has done. Lastly, Denel Hensoldt Optronics, also a German company.
The strategic equity partners, SEPs, when introduced appropriately could serve an extremely useful purpose by providing finances that the state does not have at a point in time. They could introduce new technologies that will enhance the performance of SOEs and indeed strengthen the management skills of the entity as well.
We must also emphasise that the introduction of an SEP with the minority shareholding is not the equivalent of wholesale privatisation that some ask for.
In circumstances where we are confronted with tide fiscal conditions, consideration will be given to the introduction of an SEP on a case by case basis. However, timing is of the essence. By this we mean that the SOE concern must be sufficiently stable and viable for the partnered concerned to view it as a positive business