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.

 

Full Statement Attached

 

Issued by The Department of Enterprises