MPs grill Mcebisi Jonas on privatising SAA
The question around privatising South African Airways (SAA) has once again reared its head in Parliament.
CAPE TOWN - The question around privatising South African Airways (SAA) has once again reared its head during a meeting between the airline and the parliamentary finance committee.
The new SAA board headed by chairperson Dudu Myeni attended Wednesday's meeting.
The national carrier reported on its R1.4 billion loss in the 2015-16 financial year. This is compared to the R5.6 billion posted the previous year.
Deputy Finance Minister Mcebisi Jonas, who was also in attendance, responded to some of the queries from MPs about whether the National Treasury is considering privatising SAA.
He says there are a lot of other avenues to consider before such a step will be taken.
“It’s clear that, moving forward, you can’t avoid looking at recapitalisation as well as other mechanisms of bringing money into the airline.”
(Edited by Zamangwane Shange)