https://www.engineeringnews.co.za

Govt mulling SAA partner – Brown

20th November 2014

By: Sapa

  

Font size: - +

Whether or not government takes on a strategic business partner for embattled carrier South African Airways (SAA) remains under discussion, Public Enterprises Minister Lynne Brown said on Thursday.

"It will come out in terms of a process that is happening in SAA at the moment. I still want a turnaround strategic person or company to be appointed, to help us in SAA to work off our balance sheet," she told reporters in Cape Town.

Speaking at a government economics cluster media briefing, she stressed that the state did not have money to bail out SAA.

"And I think that came out very clearly in the [recently-tabled] medium-term budget policy statement."

Brown repeated that her department needed to look at a new business model for SAA.

"And then, to match that, a new financial model. And within that financial model, it will then determine whether we take a strategic partner, or whether SAA can live off its balance sheet.

"So it remains in the pool for discussion. It hasn't been removed," she said.

Edited by Sapa

Comments

Showroom

John Thompson
John Thompson

John Thompson, the leader in energy and environmental solutions through value engineering and innovation, provides the following: design, engineer,...

VISIT SHOWROOM 
Yale Lifting Solutions
Yale Lifting Solutions

Yale Lifting Solutions is a leading supplier of lifting and material handling equipment in Southern Africa. Yale offers a wide range of quality...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.111 0.172s - 159pq - 4rq
Subscribe Now