Gordhan passes SAA hot potato to Mboweni

Public enterprises minister Pravin Gordhan has tossed the SAA problem to finance minister Tito Mboweni, who has been asked to commit the cash-strapped government by Wednesday to finding more than R10bn to fund a restructured national airline.

This comes after creditors on Tuesday voted overwhelmingly in support of a business rescue plan that has been seven months in the making. The plan envisages a restructured carrier that will fly most of the domestic, regional and international routes it has previously operated, but with a lower cost structure and much reduced staff numbers.