Party pushes for SAA to remain national

A South African Airways aircraft is seen at O.R. Tambo International Airport in Johannesburg, South Africa. [Reuters]

South African Airways (SAA) should be retained as a national airline but requires substantial restructuring, the governing African National Congress party’s Secretary-General Ace Magashule said yesterday.

SAA is running short of cash after the government failed to provide two billion rand ($138 million) of emergency funding it promised when the airline entered a form of bankruptcy protection last month.

“We emphasise at this point that SAA should be retained as a national airline...,” Magashule said.

Business
Premium Civil servants face the axe as Ruto seeks to ease ballooning wage bill
Real Estate
Premium End of an era: Hilton finally up for sale, taking with it nostalgic city memories
Business
Total Energies to pay businessman Sh4 million
Business
Kenya to miss growth target on budget gaps and revenue leaks