FOUR COUNTRIES OWE R1BN
Gigaba hopes Angola’s new government will settle its SAA fare debt
Angola is one of four African countries that owe South African Airways more than R1bn for airline tickets
SA has received a commitment from the Angolan government to pay the money it owes for airline tickets, Finance Minister Malusi Gigaba says. Angola is one of four African countries that owe South African Airways (SAA) more than R1bn for airline tickets. The others are Zimbabwe, Senegal and Nigeria. "SAA has faced, over the years, serious revenue management challenges," said Gigaba. "They have resulted, amongst others, in being owed fees from certain governments totalling about R1bn," he said. "We are addressing that internally. We are also engaging with the governments owing us, including the Angolan government, for the repatriation of the money they owe us so we can close down on those books." Gigaba said Angola was aware of the importance of SAA’s financial stability. "We have discussed with the Angolan government about repatriation. We hope and expect that the new government … is going to continue to honour the agreement which we have reached. We know that Angola is facing many ec...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.