The SAA debacle public/private "partnership" is simple to understand - giving national assets to connected BEE cadres for free.
Sources:
https://www.news24.com/fin24/companies/industrial/unpacking-tshepo-mahloele-rifling-through-the-baggage-of-the-man-overseeing-the-saa-consortium-20210611
https://www.sabcnews.com/sabcnews/saas-new-equity-partner-raises-concerns-among-aviation-experts/
https://www.news24.com/fin24/Companies/Industrial/business-aviation-sectors-largely-welcome-private-sector-involvement-in-saa-20210612