• IS provokes sea-change

    It has been a grave mistake to defy both Russia and France, says Leopold Scholtz.

  • Nene's SAA nemesis

    No political figure seems to have the guts to speak out against Dudu Myeni, says Solly Moeng.

  • The mp3 revolution

    Ian Mann takes a look at the war between digital music and the compact disc.

All data is delayed
See More

Gigaba: We can turn SAA around

Oct 23 2012 12:46
James-Brent Styan

Cape Town – Minister of Public Enterprises Malusi Gigaba said he believes that South African Airways (SAA) can be turned around.

Gigaba said recent developments at the airline have not had a significant impact.

“Some board members left, but many were nearing the end of their terms on the board. That’s why it was possible to announce a new board so quickly after they’d left.”

Gigaba said the resignations of CEO Siza Mzimela and two of her executives have also not had a detrimental effect.

“Only three out of 14 executives resigned. The other 11 are still there.”

Gigaba was giving a presentation before parliament’s portfolio committee on public enterprises.

Gigaba said he believes SAA can be turned around. He indicated that the biggest challenges are SAA’s debt burden, its ageing fleet and the high oil price.

He indicated that one of the ways SAA may be moving forward is to reconsider the use of its low-cost subsidiary Mango.

“Domestically the low cost-carrier will take more routes. It has already proven itself on the route between Cape Town and Durban. Mango as an SAA subsidiary is a very good airline and is doing excellent work,” Gigaba said.

 - Fin24

Follow James-Brent Styan on Twitter @jamesstyan.

saa  |  malusi gigaba


Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

We're talking about:


Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The 25 basis points interest rate increase is:

Previous results · Suggest a vote