Cape Town – The Department of Public Enterprises on Monday confirmed a draft business rescue plan has been tabled for South African Airways after the opposition Democratic Alliance leaked a copy, saying it will see the government pour R21 million more into the carrier.
"President Cyril Ramaphosa on Sunday told members of the South African National Editors’ Forum that he saw a good future for the airline, which enjoys support right across the continent. Gordhan has expressed exasperation with their failure to deliver a plan to revive the airline as a viable, sustainable business, while they have said the government's refusal to commit to funding and the devastating impact of the pandemic on the industry is bedevilling the process.
There is no rescue plan.
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