Loading...
See More

Minister says SAA funding not cut off

Sep 19 2012 22:15 Sapa

Related Articles

No more lifelines for SAA - for now

Court questions SAA ex-CEO's appeal

SAA finances 'returning to normality'

SAA lifts ban on white cadets

SAA training policy evokes anger

Blow for former SAA boss

 

Johannesburg - Public Enterprises Minister Malusi Gigaba has rejected reports that SA Airways would no longer be receiving funding from government.

"What the minister said was that the state-owned airline cannot continue requesting funding without presenting a long-term plan, which is implemented and yields SAA's stronger financial viability," said Gigaba's spokesperson Mayihlome Tshwete on Wednesday.

Earlier, the Business Day newspaper reported that Gigaba had ruled out further financial support for SAA until the airline came up with a long-term strategic plan.

The newspaper reported that Gigaba told the Cape Town Press Club government had not yet taken a decision on SAA's request earlier this year for a cash injection of R4bn to R6bn to recapitalise the carrier.

Tshwete said Gigaba was answering a question regarding the type of support the department would provide to SAA.

"The minister repeated his view that SAA is a strategic asset for the state and added that there is a need for the national carrier to have a long-term vision.

"What has been referred to in the media as the minister not supporting funding for SAA is inaccurate," Tshwete said.


*Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

saa  |  malusi gigaba  |  government spending
NEXT ON FIN24X

 
 
 

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
26 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

sponsored content
Sanral arrogant and evasive - JPSA 2014-09-04 09:13

Lawyers representing Justice Project SA have labelled responses they received from Sanral's legal team relating to e-tolls as surprisingly arrogant and evasive.

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.
 

Money Clinic

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