The SA Transport and Allied Workers Union (Satawu) on Friday hit out at finance minister Tito Mboweni for suggesting that the embattled state-owned airline SAA should be closed down. Speaking at an event with investors in New York on Thursday, Mboweni said he believed the loss-making national flag carrier should be closed down. “[It] is loss-making, it’s unlikely to sort out the situation, in my view we should close it down… It is unlikely that you are going to find any private-sector equity partner who will come join this asset,” Mboweni said. SAA has recorded losses for about a decade and has run up a massive debt. It needs recapitalisation of close to R22bn over the next three years to turn it around. In the 2017-18 financial year, it made a loss of R5.6bn. Satawu, one of the major unions at SAA, described Mboweni’s statements as “irresponsible”. “Ever since his appointment less than a month ago, Mboweni has seen it fit to make irresponsible statements, including one about e-toll...

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