spot_img

Namibia is struggling to...

Namibia has fallen short of its ambitious target to become a regional logistics...

Africa footprint grows as...

Momentum continues to grow behind the ambitious plans of SEW-EURODRIVE South Africa to...

Innovative removal of raisebore...

At the end of the raiseboring – or reaming – stage for Shaft...

TAZARA Secures $1.4 Billion...

TAZARA, the Tanzanian-Zambia Railway owner, has lured a staggering $1.4 billion investment in...
HomeAVIATIONGovernment determined to...

Government determined to see SAA grow

he Department of Public Enterprises and the government say they are committed to ensuring that South African Airways (SAA) grows and that the Strategic Equity Partnership with the Takatso Consortium is finalised.
Source:

Source: Unsplash

Media reports last week suggested that the national carrier is facing possible liquidation if the deal for the Takatso Consortium to purchase 51% of SAA is not completed.

The carrier’s board chairperson professor John Lamola moved swiftly to dispel those reports.

Public Enterprises Minister Pravin Gordhan assured South Africans that the carrier is expected to continue operations for the foreseeable future.

“We urge all regulatory authorities to assist in having a speedy conclusion to this process. We also want to assure the loyal customers of SAA that we will do everything possible to ensure SAA grows from strength to strength.

 

“We also compliment the executive chair, Prof Lamola, board, and staff for the formidable work they have done to grow the SAA presence in the market and providing a much-needed service to the travelling public given the shortage of capacity,” Gordhan said.

The department said the transaction for the consortium to stake its claim in the carrier is now in the hands of “relevant regulators including the Competition Commission, Competition Tribunal and respective aviation authorities” for approval.

“On Friday, 23 September, SAA celebrated one-year of service since taking to the skies after a successful business rescue process. The business rescue process has resulted in the emergence of a competitive, sustainable and technologically agile airline that is gradually regaining its market share and continues to offer best service to its customers.

“The re-emergence of SAA ensures that the national airline continues to play a critical role in the aviation industry and economy at large by providing air transportation connectivity services for both passengers and cargo, facilitating trade and investment, tourism and promoting job creation,” the department said.

Get notified whenever we post something new!

Continue reading

Namibia is struggling to achieve its goal of becoming a logistics hub, prompting a review of the master plan

Namibia has fallen short of its ambitious target to become a regional logistics hub by 2025, as set out in the fourth National Development Plan (NDP4). In response to this setback, a comprehensive master plan is currently under review,...

Africa footprint grows as SEW-EURODRIVE builds its technical foundation

Momentum continues to grow behind the ambitious plans of SEW-EURODRIVE South Africa to become a leading force in the continent’s industrial gearbox business, drives and automation solutions according to Managing Director Raymond Obermeyer. “Building on years of planning and proactive...

Innovative removal of raisebore head helps keep Platreef on track

At the end of the raiseboring – or reaming – stage for Shaft 2 of Ivanplats’ Platreef project in South Africa’s Limpopo province, an innovative solution was called for to promptly remove the reaming head and avoid costly standing...
spot_img