Treasury: 'Gremlins' at SAA must be cleaned up
The department has renewed its commitment to ensure a turnaround strategy at some state-owned enterprises.
CAPE TOWN - The National Treasury has renewed its commitment to ensure a turnaround strategy at some of the country's state-owned entities.
Finance Minister Pravin Gordhan, joined by Treasury officials yesterday, briefed a joint sitting of Parliament's standing and select committees on appropriations and finance, where the Mid-Term Budget Policy Statement was discussed.
The financial state of South African Airways in particular was addressed by the minister.
“The gremlins that we see from time to time in SAA must be cleaned up so that it’s recognised that this is a public institution, running on public funds and must be publicly accountable for the way in which it operates. It must return to efficiency and profitability as soon as possible.”
(Edited by Shimoney Regter)