SAA on its way to becoming public company

THE SOUTH African Airways Bill, which converts the national airline into a public company, was approved by the second chamber of parliament, the National Council of Provinces, last week, according to I-Net Bridge. The SAA Bill – which has already been accepted by the National Assembly – moves SAA from Transnet’s balance sheet to the department of public enterprises. The legislation allows for the conversion of SAA from a private to a public company The bill can now go to president Thabo Mbeki for signature.