SAA moved back to Department of Public Enterprises

That national carrier is back under the control of Public Enterprises
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South African Airways (SAA) has been moved back to the Department of Public Enterprises under Minister Pravin Gordhan. The finance ministry was previously responsible for SAA, which has not generated a profit since 2011.

In a statement, the Treasury says the transfer of the national carrier follows the results of a study commissioned by both Treasury and Public Enterprises.

The study found that government needed to develop an optimal group structure for the state-owned aviation assets and that Public Enterprises was deemed to be the best custodian of all the state aviation assets of SAA and its subsidiaries, Mango and SA Express.


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