Presidency denies Zuma rift with National Treasury over SAA board
The presidency on Sunday denied a rift between President Jacob Zuma and Finance Minister Pravin Gordhan over the South African Airways (SAA) board chaired by Zuma’s personal friend Dudu Myeni.
“The presidency has noted media reports alleging a rift between the presidency and the National Treasury in relation to providing support to the South African Airways,” the presidency said in a statement.
“The rumours and gossip published in today’s Sunday Times on the matter are false, and regrettably the presidency was not asked for comment by the newspaper. The presidency and the National Treasury are working well together on this issue and are seeking solutions together,” the brief statement said.
The Sunday Times reported that the standoff between Zuma and the National Treasury about who should lead SAA was propelling the airline into an unprecedented crisis, with Hong Kong’s registrar of companies giving SAA until September 6 to submit its annual financial statements or face possible deregistration, which meant it would no longer be able to fly there.
The newspaper reported Gordhan had refused to accede to SAA’s request for a R5 billion government guarantee, citing government concerns. The guarantee would allow SAA to “renew its going concern status, get its financials passed by Parliament, and continue borrowing money to survive”.
“The Sunday Times understands that Zuma has ignored two proposed board suggestions from Gordhan and his predecessor Nhlanhla Nene. Nene’s proposed board would have replaced Zuma’s personal friend Dudu Myeni as chair, while Gordhan’s list is believed to envisage removing Myeni from the SAA board altogether,” the newspaper reported.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation