Finance

SA’s government in talks with potential private partners for national airline’s restructuring plan, Cyril Ramaphosa confirms

Tuesday, 15 October 2019 15:48
SA’s government in talks with potential private partners for national airline’s restructuring plan, Cyril Ramaphosa confirms

(Ecofin Agency) - South African Airways may soon attract new private partners for its restructuring plan, the country’s President Cyril Ramaphosa said on October 14, speaking at the Financial Times Africa Summit, in London.
“We have put on record we are open to the participation of the private sector. We are talking to a few interested parties when it comes to SAA, for instance,” he said. The President provided no clue on the identity of the potential investors but earlier this month, Ethiopian Airlines expressed its intention to invest in the South African company, if it has the opportunity. However, Ethiopian Airlines is a 100% public company.
South African Airways has not made any profits since 2011 and has constantly shelved the publication of its financial reports due to major challenges. The airline now solely relies on fund injection from a government that is also facing significant constraints. In a recent presentation to the South African Parliament, the company reported having a debt of 12.5 billion Rand ($868 million). A liability that any potential partner should consider before committing to it.
Idriss Linge



 
Telecom


 
Public Management


Ecofin Agency covers the news from 9 business sectors in Africa: Public management, Finance, ICT, Agribusiness, Electricity, Mining, Oil and Gas, Comms and Laws. Ecofin Agency is also creating and management specialized medias, in paper and on the web/social networks, for institutions or African publishers.

AGENCE ECOFIN

Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

REDACTION
redaction@agenceecofin.com

Public management
Aaron AKINOCHO
Borgia KOBRI
Moutiou ADJIBI

Finance
Idriss LINGE
Walid KEFI
Chamberline MOKO

Agribusiness
Espoir OLODO

Electricity
Gwladys JOHNSON

Oil and Gas
Olivier DE SOUZA

Mining
Louis-Nino KANSOUN

ITC 
Muriel EDJO

Comms
Servan AHOUGNON

Cameroon
Brice R. MBODIAM
Sylvain ANDZONGO
Monique MAY
Julienne Rose SENDE

Togo
Fiacre E. KAKPO
Waliyullah TAJUDEEN
Séna AKODA

Niger
Sandrine GAINGNE

Gabon
Stephane BILLE
Pierre-Celestin ATANGANA

Desk
Stéphane ALIDJINOU
Souha TOURE
Vahid CODJIA
Diane ZODEHOUGAN
Hikmatu BILALI

Translation
Schadrac AKINOCHO
Mouka MEZONLIN
Firmine AÏZAN



Digital
Omar SOKHNA
Mamadou DIOP
Bacary MANE
Abdel Razak MOULIOM

Digital Marketing
Jérémie FLAUX
Geraud ACHI
Jean Christian BERNARD
Franck FOUTE

Web publishing
Bakoly RAHARISOA
Rina RAMANANDRAISOA
Hasina RAJEMISON

Development
Dominique FLAUX

 


 
REGIE COMMERCIALE
AGENCE ECOFIN
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11
Fax: +41 22 301 96 10

Benjamin FLAUX
bf@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72

Voir page 
Nos services
 

 










 



Ecofin Agency is a news agency for economic and sectorial information. It was created in 2010 and it website was launched in June 2011.

Please publish modules in offcanvas position.