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New SAA in search of personal funding: Mboweni

New SAA looking for private funding Mboweni - New SAA in search of personal funding: Mboweni

South African finance minister Tito Mboweni rejected accusations from the largest opposition celebration that he plans to make use of state funds to rescue the bankrupt nationwide airline, saying a spread of funding choices that may supply cash from the personal sector are being thought of. In an answering affidavit to a case filed by the Democratic Alliance in South …

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SAA might undertake Telkom mannequin of governance: report

SAA could adopt Telkom model of governance report - SAA might undertake Telkom mannequin of governance: report

Public Enterprises minister Pravin Gordhan says that the federal government would think about a shareholder construction much like Telkom, for South African Airways. Telkom runs independently from the federal government, regardless of it having a 37% stake within the listed entity, whereas state-owned Public Funding Corp holds roughly 15%. The remainder is owned by institutional buyers and the general public. …

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