Aviation: Why we can’t shut down South Africa Airways- Gordhan

Gordhan

Public Enterprises Pravin Gordhan says that government is not prepared to let South African Airways fail in an ‘uncontrolled fashion’ and that business rescue is the optimal route for the embattled airline. In a column for the Sunday Times, Gordhan said that the liquidation of SAA would have led to thousands losing their jobs, leaving social, economic and financial damage […]

Read more

South Africa plans merger of national airlines

Mauritius

South Africa will explore merging two of its state-owned airlines, South African Airways (SAA) and SA Express, and seek a minority equity partner for the company, Finance Minister Pravin Gordhan said on Wednesday. Many of South Africa’s 300-odd state entities are a drain on the government’s purse and a team commissioned by President Jacob Zuma to review the companies recommended […]

Read more