South Africa’s government will provide more cash to South African Airways after they solve leadership issues

The South African government will consider additional funding to South African Airways (SAA) only once the struggling carrier resolves its leadership problems, the Deouty Minister of Finance, Mcdbisi Jonas, told parliament last week.


Last year the airlines asked the Treasure the guarantee of at least ZAR4 billion (US$284 million) for it to finalize its 2014/2015 financial statements.

Jonas said that a full-strength board was currently being put together, after four of the most recent CEOs having been fired for misconduct.

Despite its continue economic malaise and growing calls from the Souhpth African opposition to privatize SAA, president Jacob Zuma said that his government would never dispose of the carrier.

Thought Pretoria may not have much political attraction for a fully-privatized SAA, Finance Minister Parvin Gordhan has acknowledged the possibility of securing s strategic investor for the carrier, only when it is on a more firm financial footing.

A merger between SAA and its sitter carrier South African Express, which has also had condominium problems for some time, is also in consideration.

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