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The end of an era for another state-owned company in South Africa

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Parliament’s portfolio committee on public enterprises says the conclusion of the South African Express (SAX) Airline liquidation process can serve as a lesson in how the state should run state-owned entities (SOEs) and avoid future closures.

The local airline, which focused on flights to smaller towns in South Africa, has been in provisional liquidation since April 2020. In January this year, the return date for a final liquidation application was extended to 4 July, to see if a suitable deal can be reached to sell the airline.

The committee added that it is hopeful that the newly established ‘presidential state-owned council’ will chart a new trajectory for these entities as they remain critical to South Africa’s development.

 

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日本 最新ニュース, 日本 見出し