spot_img

Sandvik engineers sustainability for...

Sustainability is at the core of business operations for Sandvik Mining South Africa,...

Dozer safety a first...

Mining Contractor PT Pamapersada Nusantara (PAMA) has made history by becoming the first...

From compliance to performance:...

In November 2024, teams across LTA Autecon’s Oil & Gas coastal region celebrated...

Emirates SkyCargo heads into...

Throughout 2024, the demand for Emirates SkyCargo’s specialist product portfolio, extensive global network...
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

Sandvik engineers sustainability for a resilient future

Sustainability is at the core of business operations for Sandvik Mining South Africa, developing innovative practices that drive Environmental, Social and Governance (ESG) imperatives. This means embracing a holistic approach rooted in three pillars – planet, people and profit –according...

Dozer safety a first for PT Pamapersada Nusantara

Mining Contractor PT Pamapersada Nusantara (PAMA) has made history by becoming the first open pit coal mine in the region to implement Automation at its Kalimantan coal mine site in Indonesia, and RCT was chosen to do it. RCT’s Automation...

From compliance to performance: LTA Autecon Oil & Gas coastal region celebrates World Quality Week

In November 2024, teams across LTA Autecon’s Oil & Gas coastal region celebrated World Quality Week with the theme ‘Quality: From Compliance to Performance’. This theme emphasises the shift from merely meeting compliance standards, to driving performance through a...
spot_img