South African Airways open to outside investment —Ramaphosa

Ramaphosa told the FT Africa conference in London that, “South African Airways is one of those state-owned enterprises that has relied on lots of state bailouts.

The economy of South Africa has come under growing pressure as the government grapples with lacklustre growth, high unemployment and a heavy debt burden, especially from state-owned enterprises such as South African Airways and power firm, Eskom.In September, the cash-strapped national airline said a government cash injection of 5.5 billion rands had been approved for the 2019/20 financial year, but that it still needed more money.

“At a time when our fiscus is under great pressure, we are committed to ensuring debt sustainability, improving the composition of spending and reducing risks arising from contingent liabilities, especially of our state-owned enterprises,” he said.

O really?! The irony...

So they’ll beat up and kill the investors in future.

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