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SAA 'should be shut down', says Finance Minister Tito Mboweni

By Mutala Yakubu
SAA 'should be shut down', says Finance Minister Tito Mboweni
SAA 'should be shut down', says Finance Minister Tito Mboweni
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South Africa's state-owned airline should be shut down, the country's new finance minister has said.



"It's loss-making, we are unlikely to sort out the situation, so my view would be close it down," Tito Mboweni told an investor conference in the US.

One of Africa's biggest airlines, South Africa Airways (SAA) has lost money every year since 2011, and survives with government support.

SAA is among the struggling state firms that the president promised to revive.


Source: bbc