WATCH | Minister Pravin Gordhan makes announcement on the future of SAA

accreditation
0:00
play article
Subscribers can listen to this article
SAA was the first SOE to go into business rescue.
SAA was the first SOE to go into business rescue.
Gallo Images/Jacques Stander

Public Enterprises Minister Pravin Gordhan is expected to make an announcement on the future of the troubled state-owned airline South African Airways (SAA) on Friday morning. 

Bloomberg reported on Thursday that government is set to announce that it has found a strategic equity partner for SAA.

Gordhan was scheduled to make the announcement on Thursday, before postponing. 

The expected announcement comes about six weeks after the airline emerged from lengthy business rescue proceedings, having reduced its workforce by almost 80% and cut liabilities. The next challenge is to resume international flights, though South Africa remains cut off from much of the world due to Covid-19 travel restrictions.

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For only R75 per month, you have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.
Subscribe to News24
Rand - Dollar
13.79
-0.1%
Rand - Pound
19.43
+0.1%
Rand - Euro
16.73
-0.2%
Rand - Aus dollar
10.62
+0.1%
Rand - Yen
0.13
-0.1%
Gold
1,868.03
+0.1%
Silver
27.70
-0.5%
Palladium
2,758.83
+0.1%
Platinum
1,155.25
-1.1%
Brent Crude
72.86
+0.2%
Top 40
61,132
-0.9%
All Share
67,394
-0.8%
Resource 10
64,540
-1.6%
Industrial 25
88,125
-0.1%
Financial 15
13,564
-1.1%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Voting Booth
Have you noticed a difference in the voices of women compared to men in virtual meetings?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, there is a difference.
29% - 62 votes
No, I haven't noticed it.
63% - 136 votes
A bad internet connection worsens it.
9% - 19 votes
Vote