The national carrier emerged from business rescue in 2021 and reported its first profit in more than a decade
The minister also wants to secure capital inflow for Transnet
The auditor general report noted that the national carrier is fully-funded by equity or bailouts, but inefficient governance is keeping it in choppy waters
The ‘old fashioned’ carrier is still struggling for passengers
The court-declared delinquent director was consistently enveloped in allegations of intimidation, fraud, money laundering and corruption
The national carrier will not seek further bailouts as it expands its fleet and routes to return to profitability
Despite what some say about the Takatso deal’s collapse, the private sector has made strong inroads at public enterprises
The recommendation that the unit look into the legality of the now cancelled deal is a blow
The government’s effort to nail down a strategic equity partner with fat pockets hasn’t worked out. But if the national carrier cleans up its financial act, it could still be in with a chance
The parliamentary committee on public enterprises has recommended that the SIU further investigate the matter to ensure accountability and transparency