Finance minister Tito Mboweni said SA’s troubled flag-carrier should be shut down, casting doubt on President Cyril Ramaphosa’s stated goal of saving what was once Africa’s biggest airline. SAA “is loss-making, it’s unlikely to sort out the situation, in my view we should close it down”, said Mboweni, an outspoken former central bank governor, at an event with investors in New York on Thursday. The closure of SAA would be a powerful admission by Ramaphosa’s government that it cannot save one of South Africa’s highly indebted state-owned companies, which are critical to the economy. Since coming to power Ramaphosa has promised to revive several state-owned groups that were beset by alleged waste and corruption during the presidency of Jacob Zuma. SAA has not turned a profit for years and has needed R30bn ($2bn) of bailouts over the past half-decade to stay in the air — even as other African state-owned airlines, such as Ethiopian Airlines and RwandAir, have overhauled operations. SAA...

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