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‘SAA failing would take tourism industry down with it’

Business News 4 weeks ago

South Africa’s status as a strategic hub and aviation gateway to Africa would further suffer in such a scenario.


06 Nov 2020
PREMIUM!
‘SAA failing would take tourism industry down with it’

The DA is vehement in opposing commercial bank loans to SAA. Picture: Neil McCartney

South African Airways (SAA) will take the travel industry down with it if it tanks, says an industry association. This on the back comments made by Public Enterprises Minister Pravin Gordhan in parliament on Wednesday night, when he appeared before the standing committee on public accounts (Scopa) alongside the business rescue practitioners appointed to try and turn the state carrier around. Last week, Finance Minister Tito Mboweni announced yet another bailout for SAA – this time of R10.5 billion – and Gordhan told Scopa the state carrier was too important to be allowed to fail. Board of Airlines of South...

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