20°C / 22°C
  • Sat
  • 24°C
  • 9°C
  • Sun
  • 26°C
  • 11°C
  • Mon
  • 28°C
  • 14°C
  • Tue
  • 30°C
  • 14°C
  • Wed
  • 28°C
  • 15°C
  • Thu
  • 27°C
  • 13°C
  • Sat
  • 20°C
  • 13°C
  • Sun
  • 24°C
  • 13°C
  • Mon
  • 19°C
  • 13°C
  • Tue
  • 15°C
  • 11°C
  • Wed
  • 17°C
  • 11°C
  • Thu
  • 19°C
  • 11°C
  • Sat
  • 27°C
  • 10°C
  • Sun
  • 29°C
  • 13°C
  • Mon
  • 30°C
  • 15°C
  • Tue
  • 33°C
  • 15°C
  • Wed
  • 28°C
  • 17°C
  • Thu
  • 27°C
  • 15°C
  • Sat
  • 25°C
  • 6°C
  • Sun
  • 29°C
  • 9°C
  • Mon
  • 30°C
  • 16°C
  • Tue
  • 31°C
  • 17°C
  • Wed
  • 28°C
  • 17°C
  • Thu
  • 28°C
  • 15°C
  • Sat
  • 23°C
  • 15°C
  • Sun
  • 25°C
  • 16°C
  • Mon
  • 29°C
  • 19°C
  • Tue
  • 29°C
  • 20°C
  • Wed
  • 22°C
  • 18°C
  • Thu
  • 21°C
  • 17°C
  • Sat
  • 19°C
  • 11°C
  • Sun
  • 19°C
  • 12°C
  • Mon
  • 20°C
  • 15°C
  • Tue
  • 17°C
  • 13°C
  • Wed
  • 18°C
  • 11°C
  • Thu
  • 17°C
  • 12°C
  • Sat
  • 23°C
  • 12°C
  • Sun
  • 29°C
  • 13°C
  • Mon
  • 24°C
  • 12°C
  • Tue
  • 15°C
  • 8°C
  • Wed
  • 15°C
  • 7°C
  • Thu
  • 20°C
  • 6°C
  • Sat
  • 19°C
  • 13°C
  • Sun
  • 21°C
  • 13°C
  • Mon
  • 20°C
  • 12°C
  • Tue
  • 13°C
  • 9°C
  • Wed
  • 14°C
  • 9°C
  • Thu
  • 17°C
  • 11°C
  • Sat
  • 29°C
  • 10°C
  • Sun
  • 31°C
  • 13°C
  • Mon
  • 33°C
  • 16°C
  • Tue
  • 34°C
  • 16°C
  • Wed
  • 31°C
  • 18°C
  • Thu
  • 32°C
  • 17°C
  • Sat
  • 25°C
  • 7°C
  • Sun
  • 30°C
  • 9°C
  • Mon
  • 32°C
  • 15°C
  • Tue
  • 29°C
  • 17°C
  • Wed
  • 27°C
  • 11°C
  • Thu
  • 29°C
  • 9°C
  • Sat
  • 25°C
  • 9°C
  • Sun
  • 27°C
  • 11°C
  • Mon
  • 29°C
  • 12°C
  • Tue
  • 32°C
  • 13°C
  • Wed
  • 30°C
  • 15°C
  • Thu
  • 19°C
  • 14°C
  • Sat
  • 19°C
  • 11°C
  • Sun
  • 21°C
  • 13°C
  • Mon
  • 21°C
  • 15°C
  • Tue
  • 17°C
  • 10°C
  • Wed
  • 18°C
  • 9°C
  • Thu
  • 17°C
  • 10°C

PIC has not ruled out investing in SAA

Dan Matjila says the PIC is not closing the door to investment in national airline SAA, but that it needs good governance and a turn-around strategy.

Public Investment Corporation (PIC) CEO Dan Matjila. Picture: Public Investment Corporation

CAPE TOWN - South Africa's Public Investment Corporation (PIC), one of the continent's largest asset managers, has not ruled out investing in struggling state-owned airline South African Airway s (SAA), its chief executive said on Tuesday.

"We are not closing the door on SAA," CEO Dan Matjila told Parliament's Finance Committee, adding that SAA would first need to improve governance and implement a turn-around strategy before being considered.

The PIC manages South African government employee retirement funds and has been in the spotlight recently after reports the Finance Ministry requested money from the pension fund to bail out struggling state firms.

Comments

EWN 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 EWN community a safe and welcoming space for all.

EWN 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.

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

comments powered by Disqus