STATE-OWNED ENTERPRISES
SAA ‘stays under Treasury control’
Presidency says SAA remains at the National Treasury where it will continue to receive support and guidance
The Presidency denied on Sunday that a decision had been taken to transfer oversight of South African Airways (SAA) from the Treasury to the Department of Transport. Presidential spokesman Bongani Ngqulunga said this in response to a Sunday Times report that former SAA chairwoman Dudu Myeni — a close friend of President Jacob Zuma — had been appointed a special adviser to Transport Minister Joe Maswanganyi. Myeni was removed from SAA in October after having served three successive terms as chairwoman. The newspaper said the government was considering placing SAA under the control of the Department of Transport, which would once again put Myeni in a position to hold sway over the national airline. The report quoted Maswanganyi as confirming the move. It also said the country’s major banks had warned they might make calls on R8bn worth of loans to SAA if the airline was no longer under tight Treasury control. But Ngqulunga said while there were many views about where state-owned enter...
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