AfricaTop News

Scrap South African Airways now – Minister

0

‘It is making losses and deserves to die!’

By Nsikan Ikpe

 

For continuously making losses since 2011, South Africa;s Finance Minister, Tito Mboweni has called for the immediate scrapping of South African Airways, SAA.

Speaking at an investment summit in the US, the minister said that given the continuing economic pressure on the country, a loss-making concern as the national carrier does not deserve to live any longer.

His view contradicts the inauguration position of President Cyril Ramaphosa, who upon his assumption of office earlier in the year, had pledged to resolve the problems of the troubled carrier and return it to profitability.

Indeed, the airline’s saga was one of the star points of disagreement between former President Jacob Zuma and his then estranged Finance Minister, Pravin Gordhan, who had, like Mboweni now, equally called for drastic action to be taken on the fate of the carrier.

Analysts say that in addition to the overall economic hurdles facing the rainbow nation at the moment, as well as the handling of the land appropriations saga, this is one more booby trap that the Ramaphosa government will be attempting to defuse ahead of next year’s General Elections.

 

South African President, Cyril Ramaphosa

 

Fresh Arepo incident stirs questions on security strategy

Previous article

Lagos: TAAG Angolan airlines fails to keep November date

Next article

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *

More in Africa