Government discussing ACSA's R11bn recovery plan request – Mbalula

  • 📰 IOL
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

South Africa Headlines News

Transport Minister Fikile Mbalula said the government was discussing a recovery plan for the sector and it had already been established that Airports Company South Africa would need about R11 billion.

R11 billion financial assistance plan for Mbalula was speaking at a press briefing at OR Tambo International Airport, where Acsa was showcasing its readiness to reopen domestic flights and flights to Durban and Cape Town in June.

In phase two, the Braam Fisher, Kruger and Polokwane airports would be reopened, while phase three would see the Kimberley, Upington, Port Elizabeth and East London airports reopen. Mbalula also said the sector had been hamstrung, with Comair – the operators of British Airways and Kulula – the latest to enter business rescue because of the Covid-19 coronavirus.

He said flights could not be compared to buses and minibus taxis, which are only allowed 70% of their capacity under lockdown regulations, because they did not have the high-efficiency particulate air filter.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 46. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Government has not yet discussed SAA rescue plan: public enterprisesThe public enterprises department says it has received a draft business rescue plan for South African Airways, which is under business rescue Le ye R350 yona kumaxa indawoni b4 nibhabhe This is getting interesting by a minute. Not on GEPF money or HELL ON EARTH will happen!!!
Source: TimesLIVE - 🏆 28. / 59 Read more »

Government receives SAA draft business rescue planThe Public Enterprises Department says government hasn't yet discussed the plan, nor have any decisions been taken regarding the proposals. Pliz don't waste tax payer's money on SAA.instead go and arrest those who randown the company n bring back the money they stole.problem solved. Thanks for the update, but where is Batman in tonight’s news? Saze savelelwa ilo SAA, asikaze sidle ngisho isenti kuwona.
Source: eNCA - 🏆 49. / 51 Read more »

Government has not yet discussed SAA rescue plan: public enterprises“Government has not discussed the plan yet and no decisions have been taken on some of the proposals it contains,” the department said in a statement. Government has not discussed the plan yet? i SUPPOSE THEY ARE WAITING TO RAID THE GOVERNMENT PENSION FUND. Business Rescue was quite a convoluted way for the SA Government to retrench a few employees
Source: SowetanLIVE - 🏆 13. / 63 Read more »

Cameras help curb COVID-19 spreadCompliance to lockdown regulations has been preached by Transport Minister, Fikile Mbalula. Chinese methods at its finest... Maybe we should put cameras in schools and that will curb the spread too We have a failing transport system but we spend money on cameras in the hope that it will curb the spread. So we police the virus by policing us. PPL must wait for food and listen to excuses, elderly must wait for sassa money, children must starve, companies go under for what?
Source: eNCA - 🏆 49. / 51 Read more »

Another bailout for SAA, of R21bn, is not final yet, says governmentThe department of public enterprises has dismissed reports that government is planning to approve the draft rescue plan to hand SAA another bailout. This happens government must expect a full blown tax revolt Wow didn't jamndas say he not giving any more bailouts for the carrier or he was just playing politics with Tin fish Minister while they know very well BRP are looting all those funds What on earth Loads of cash floating around at the moment!!! Still waiting for a looting / state capture arrest!!!!!!! Instilling faith in South Africa . . Confidence brings investments 😂😂😂😂
Source: TheCitizen_News - 🏆 6. / 75 Read more »

50 more Covid-19 deaths in SA, over 18 000 recoveriesHealth Minister Zweli Mkhize announced on Tuesday that there have been 18 313 recoveries, which translates to a recovery rate of 51.1%, with a total of 755 deaths. I was hoping for a different headline. One that reads,”Incompetent Chief Director Simon Ruthoane fired!” This guy doesn’t want to work. He uses his position to settle old scores. We deserve better, we can’t have a disrespectful person serving our Tswana Royals.RuthoaneMustFall
Source: IOL - 🏆 46. / 51 Read more »