South African govt won’t allow national airline to fail, says Minister

1 Min Read

South Africa’s Deputy Finance Minister Sfiso Buthelezi told parliament on Wednesday that the country’s embattled national airline SAA should not be allowed to go under.

Buthelezi said in Cape Town that in spite of the airline’s inability to make profit, the airline should be kept flying.

South African Airlines has asked Treasury to help fund a 13 billion rand ($981 million) bailout to keep planes flying as government also mulls a private equity partner for the airline

Share this Article
Leave a comment

Leave a Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.