Jonas: SAA must start making money
4 April 2016
Cape Town - Struggling national carrier SAA needs to reduce its losses and start making money, Deputy Minister of Finance Mcebisi Jonas said on Wednesday.
''We expect more from the company and its leadership in this area,'' said Jonas after acknowledging that the airline was making progress with its turnaround strategy involving at least R14.4bn so far in loan guarantees.
Jonas told MPs during debate on Treasury's budget that a process to finalise appointment of a board was underway and once appointed, the board would have to appoint competent executives in the vacant positions of CEO and CFO, among others.
The authority over SAA's board falls under the Treasury since 2014.