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Nene commits to support SAA’s financial turnaround strategy

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The National Treasury has given the assurance that it remains committed to supporting the South African Airways’ (SAA) board in its effort to turnaround the financial performance of the airliner.

Finance Minister Nhlanhla Nene says over several years, SAA had management problems. Nene addressed the media in Johannesburg following the release of SAA’s financial results.

“Key initiatives in support of the turnaround plan will be specific measurable, attainable, relevant and time bound. These will involve tough decisions on its network and fleet plan; it will include reviewing loss making routes and also review specific destinations as determined by the market trends,” says Nene.

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