Malusi Gigaba rules out privatisation of SAA

Finance minister, Malusi Gigaba, appeared before Parliament's finance committee on Friday morning. Gigaba told the committee that the national carrier, South African Airways (SAA) is facing financial challenges of a short to medium nature.

Gigaba said an "aggressive" turnaround will be required at South African Airways (SAA) and it will be led by the new chief executive, Vuyani Jarana.

EWN Reporter, Lindsay Dentlinger says Gigaba asked the committee for more time and patience for the national treasury to determine how the airline will pay for costs accumulated in the month of June.

Dentlinger reports that the finance minister also tried painting a more positive picture of the airline.

SAA Chairperson, Dudu Myeni didn't say much today. It was largely up to the minister to provide most of the detail.

Lindsay Dentlinger, EWN Reporter

Also read: DA's progress in new metros demonstrates good governance ahead of 2019 - analyst

Dentlinger goes on to say that Gigaba was emphatic about not privatising the airline at any point.

Listen to the EWN report in the audio clip below:

702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
New CEO Jarana must stem the bleeding of SAA cash flow - Guy Leitch

New CEO Jarana must stem the bleeding of SAA cash flow - Guy Leitch

Numsa is marching against poor working conditions at SAA and corruption in the company.

Fundamental problem with SAA is how it has been lead - Gigaba

Fundamental problem with SAA is how it has been lead - Gigaba

On Thursday, National Treasury confirmed that new SAA CEO is Vodacom group executive Vuyani Jarana.

DA encouraged by the new SAA CEO appointment

DA encouraged by the new SAA CEO appointment

Alf Lees, DA shadow deputy finance says Vuyani Jarana has an impressive track record at Vodacom.

Gigaba's 14 point plan is encouraging but we've been here before - economist

Gigaba's 14 point plan is encouraging but we've been here before - economist

Finance Minister Malusi Gigaba delivered his new plan to grow South Africa's economy at the Johannesburg Stock Exchange.

Fatima Jakoet's dream is to groom South Africa's aspiring pilots

Fatima Jakoet's dream is to groom South Africa's aspiring pilots

Fatima Jakoet is one inspirational women who isn't afraid to dream big enough and wishes for South Africa's kids to do the same.

Politicians and tenderpreneurs bleeding SAA dry - Mantshantsha

Politicians and tenderpreneurs bleeding SAA dry - Mantshantsha

Treasury confirmed over the weekend a further R2.3 billion bailout for the cash-strapped national carrier.

[LISTEN] What's happening to SAA may be the beginning of the end

[LISTEN] What's happening to SAA may be the beginning of the end

Stepehen Grootes spoke to Guy Leitch, Editor of FlySA Magazine.

SAA marred by lack of good governance says analyst

SAA marred by lack of good governance says analyst

The National Treasury announced on Saturday that it will financially bailout the ailing South African Airways.

Concerns raised over SAA's R2.3 billion bailout

Concerns raised over SAA's R2.3 billion bailout

The National Treasury announced on Saturday that it will financially bail out the ailing South African Airways (SAA), once again.

"There will probably be a new SAA board chairperson very shortly" - Yunus Carrim

"There will probably be a new SAA board chairperson very shortly" - Yunus Carrim

SA Cabin Crew Association is laying charges against SAA board and executives for mismanagement of funds.

Popular articles
It's not the end of the road... Top tips to improve your matric

It's not the end of the road... Top tips to improve your matric

"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.

Pamela Nomvete on her downfalls as actress, and 'climbing back'

Pamela Nomvete on her downfalls as actress, and 'climbing back'

This week Xolani Gwala's speaks to former Generations actor Pamela Nomvete for #WhatInTheWorldHappenedTo feature.

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

The EFF lawyer stole the show during the state capture report court battle.

Meet the founder of Capitec Bank, named ‘Best Bank on Earth and Cheapest in SA’

Meet the founder of Capitec Bank, named ‘Best Bank on Earth and Cheapest in SA’

Michiel le Roux speaks about the fascinating story behind the little bank that has the Big 4 shaking in their boots.

Best way to get richer (especially if you’re between ages 20 and 45)

Best way to get richer (especially if you’re between ages 20 and 45)

Still young(ish)? Consider the single best thing you can do to increase your wealth by much more than the inflation rate.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?

5 ways the NSFAS funding model will change in 2017

5 ways the NSFAS funding model will change in 2017

The National Student Financial Aid Scheme (NSFAS) will pilot a new funding model in 2017. NSFAS chairperson Sizwe Nxasana explains.