Gigaba asks Angola to pay off SAA debt

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JOHANNESBURG 13 July 2017 - The Finance Minister says he doesn't want the Public Protector to resign, but the decision lies with Parliament.

JOHANNESBURG – South Africa’s Finance minister, Malusi Gigaba is asking Angola to pay its multi-million rand debt to South African Airways (SAA).

Gigaba says that the newly-elected Angolan government owes R850-million to the struggling airline, making it the single largest debtor.

WATCH: SAA pilots respond after Gigaba criticises incentives scheme

The minister says Angola is facing its own economic challenges, but he still wants them to pay its debts.

Emirates airlines has scaled back its weekly flights to Luanda, due to problems in repatriating revenue. 

 

SAA says it has no plans to do the same. The loss-making national carrier is owed a total of a billion rand in revenue earned in other African countries.

It's seeking a 10-billion-rand bailout from treasury to keep its planes flying.

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