SAA: Immigration laws have hurt our bottom line
Controversial new visa rules are being reviewed after red flags were raised about their impact on tourism.
CAPE TOWN - Members of Parliament have been told new visa and immigration regulations are hitting the bottom line of national carrier South African Airways (SAA).
New acting CEO Thuli Msphe and officials are briefing Parliament's finance committee for the first time since national treasury was put in charge of the troubled company's turnaround in December.
The controversial new visa rules are being reviewed by a group of ministers led by deputy president Cyril Ramaphosa after red flags were raised about their impact on tourism.
The airline's chief financial officer Wolf Meyer says, "The new immigration regulations that you have touched on, it has a severe impact on our revenue together with the tail-end of Ebola. The hype is over but we haven't fully recovered from that yet. "