SAA could remain financial burden on state despite selling major stake, Treasury warns

There is a clear vision for the future of SAA Image By: News24

The original article can be found here.

Article Highlights:

  • National Treasury says SAA is still a burden on the country despite selling a majority stake.
  • In a withdrawn email, Treasury said the terms of the deal “may result in the state providing funds in excess of its shareholding”.
  • The airline, which used to serve destinations across Africa and a number of major global cities, hasn’t made money since 2011 and received state bailouts that totalled billions of rand.