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Minister of Public Enterprises Welcomes SAA Funding, Paves the Way for Restructuring and Formation of New Airline

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Minister of Public Enterprises Welcomes SAA Funding, Paves the Way for Restructuring and Formation of New Airline

Minister of Public Enterprises Welcomes SAA Funding, Paves the Way for Restructuring and Formation of New Airline

29th October 2020

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/ MEDIA STATEMENT / The content on this page is not written by Polity.org.za, but is supplied by third parties. This content does not constitute news reporting by Polity.org.za.

The Minister of Public Enterprises has welcomed government’s commitment to provide R10.5-billion to be used to finalise the Business Rescue Plan (BRP) and restructuring of South African Airways (SAA).

However, the Minister is shocked and disappointed with the Democratic Alliance (DA), other parties and some analysts’ lack of insight, financial literacy and understanding of governance processes. Worse, the DA ignores the suffering of SAA employees and the threat of losing their jobs.

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Issued by The Department of Enterprises

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