Mabuza Gives Parliament Update on SAA

By: Zilungile Mkhize

Deputy President David Mabuza has re-iterated that government is engaging with the private sector to ensure that state owned airline SAA, is put on a path that no longer requires billions in bailouts.

Mabuza had been answering questions in Parliament.

South African Airways was allocated R10.5 billion in a form of a bailout by treasury.

The money is to be drawn from other budgets to help finalise the airlines business-rescue plans.

Mabuza says the identification of a Strategic Equity Partner will ensure that SAA receives no further funding from government.

He says programmes by government aimed at turning SAA around and saving jobs should receive ultimate support.

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