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Gordhan reiterates faith in new SAA board to turn struggling parastatal around

The finance minister told the National Assembly that he is giving consideration to another bail out for SAA.

South African Airways plane. Picture: Facebook.

CAPE TOWN - Finance Minister Pravin Gordhan says he hopes to meet the new South African Airways (SAA) board soon to spell out expectations on the way forward.

He has told the National Assembly that he is giving consideration to another bailout for the airline, but that SAA must be financially viable in five years.



Gordhan has also explained that Dudu Myeni's re-appointment as board chairperson for another year was planned to ensure a smooth handover to board members.

Turning to State capture, Gordhan has reiterated that he has not been "captured" by the Gupta family.



There have been claims that the Guptas had offered some officials positions within government.

In response to a question by the Economic Freedom Fighters, Gordhan said Treasury served only the people of South Africa.

"Firstly as a representative and as the head of the National Treasury, I stand here as a free uncaptured individual. Our job as the National Treasury is to serve SA as a whole."

But Gordhan did hint at what he called a "well-orchestrated campaign" by some to benefit themselves.

"When the facts are fairly clear, about where the influences lie and what the purpose of these influences is. And it's at the end of the day advantaging certain groups of people to the disadvantage of 55 million citizens."



Gordhan has reiterated his faith in the new SAA board to turn the struggling parastatal around.

Economic cluster ministers have been responding to questions in Parliament.

The cash-strapped airline's new board was announced last week, with Myeni remaining at the helm.

Gordhan says the airline should be focused on growing the state-owned enterprise.

"SAA should be spreading its wings rather than clipping its wings, at this point in time. And if we do the right thing and serve national interests far more importantly than individual interest, I'm sure that the team can take us in a new direction."

He says SAA should not serve up any more "scandals".

"Parliament has an important role to play in this regard apart from the shareholder - to call entities like this to account and ensure that they behave in a way that they should be behaving, both in terms of the national interests and financial property that is required of people who are running important entities."