South Africa Receives Promising Proposals Regarding Flag Carrier

Following a series of turns, there is news this week that the government of South Africa has begun discussions with private groups that are looking to buy into South African Airways. The airline needs a minimum of 10 billion rand ($583 million) to resume operations. Therefore these talks are critical as there is a lot at stake.

South African Airways SAA
There could soon be some positive news for the struggling national carrier of South Africa. Photo: Getty

The talks have started

According to Bloomberg, the Department of Public Enterprises’ director general, Kgathatso Tlhakudi, shared on Wednesday that his team…

Source link

About Author: ACM
This information is 3rd party content that is added to ACM strictly for non-commercial informational purposes. Information is the Key to Set the Black Mind Free