Finance minister, Malusi Gigaba, appeared before Parliament's finance committee on Friday morning. Gigaba told the committee that the national carrier, South African Airways (SAA) is facing financial challenges of a short to medium nature.
Gigaba said an "aggressive" turnaround will be required at South African Airways (SAA) and it will be led by the new chief executive, Vuyani Jarana.
EWN Reporter, Lindsay Dentlinger says Gigaba asked the committee for more time and patience for the national treasury to determine how the airline will pay for costs accumulated in the month of June.
Dentlinger reports that the finance minister also tried painting a more positive picture of the airline.
SAA Chairperson, Dudu Myeni didn't say much today. It was largely up to the minister to provide most of the detail.— Lindsay Dentlinger, EWN Reporter
Dentlinger goes on to say that Gigaba was emphatic about not privatising the airline at any point.
Listen to the EWN report in the audio clip below:
This article first appeared on 702 : Malusi Gigaba rules out privatisation of SAA