South African Airways (SAA) has successfully emerged as a debt-free entity, marking a significant turnaround for the national carrier. However, during a recent session with Parliament’s Standing Committee on Public Accounts (Scopa), it was highlighted that SAA now requires a capital injection to regain its former stature within the aviation industry. This funding is essential for progressing plans that have been stalled due to the anticipated R3 billion investment from the Takatso Consortium. As discussions continue regarding potential partnerships and loan options, SAA’s leadership underscores the urgency of securing an equity partner to enhance competitiveness and drive growth in both regional and international markets.

SUBSCRIBE to our YouTube channel: http://youtube.com/newscentraltvafrica for more videos

Follow News Central on:
Facebook: https://www.facebook.com/NewsCentralAfrica
Twitter: https://twitter.com/NewsCentralTV
Instagram: https://www.instagram.com/newscentraltv
LinkedIn: https://www.linkedin.com/company/18775091/admin/feed/
Threads: https://www.threads.net/@newscentraltv
TikTok: https://www.tiktok.com/@newscentraltv
For more content, go to: https://newscentral.africa

#NewsCentral #Nigeria #Politics #AfricaFirst #Africa #News #WestAfrica #ECOWAS #Government #Governance