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Gordhan denies govt will bail out troubled SAA

Finance Minister Pravin Gordhan says South African Airways must no longer be 'a liability'.

Finance Minister Pravin Gordhan. Picture: Reinart Toerien/EWN.

PRETORIA - Finance Minister Pravin Gordhan has dismissed suggestions that government is preparing to bail-out troubled national carrier South African Airways (SAA).

The minister was speaking at a briefing on the special Cabinet meeting which discussed the economy and budget-related matters.

Gordhan has discussed several objectives, which Treasury has for the SAA board.

He says the carrier must no longer be a liability.

Gordon says SAA has R2 billion in government guarantees still available.