South African Airways – which earlier this week announced it was expecting a loss of R853m in the 2017/2018 financial year – is reportedly considering “a number of financing avenues” to turn its fortunes around.
This from acting director general in National Treasury, Dondo Mogajane, who today (Wednesday) responded to a question raised in parliament by the Democratic Alliance (DA) about whether the national carrier would be partly financed with funds from the Government Employee Pension Fund.
Mogajane did not directly answer the question, telling members of parliament on Wednesday that National Treasury was taking a “long-term view” with regard to the recapitalisation of the airline, which could also include a cash injection. He did not reject the possibility of public funding.
