{"id":346288,"date":"2019-10-14T13:14:49","date_gmt":"2019-10-14T11:14:49","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=346288"},"modified":"2019-10-14T13:14:49","modified_gmt":"2019-10-14T11:14:49","slug":"saa-in-talks-with-private-partners","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/government\/346288\/saa-in-talks-with-private-partners\/","title":{"rendered":"SAA in talks with private partners"},"content":{"rendered":"

South African Airways is open to outside investment and in talks with a number of potential partners, says President Cyril Ramaphosa.<\/p>\n

Speaking at the Financial Times Africa Summit in London, Ramaphosa said that the airline was currently in discussion with a number of interested parties, reports Reuters<\/a><\/strong>.<\/p>\n

“South African Airways is one of those state-owned enterprises that has relied on lots of state bailouts,” Ramaphosa said.<\/p>\n

“We are on record as saying we are open to the participation of the private sector. As we speak now, we\u2019re talking to a few interested parties when it comes to SAA.”<\/p>\n

Earlier this month Ethiopian Airlines said it would consider<\/a> <\/strong>buying a stake in South African Airways \u2013 should South Africa decide to sell equity in the struggling state carrier.<\/p>\n

SAA hasn\u2019t made a profit since 2011 and has delayed the release of annual earnings due to its precarious financial state.<\/p>\n

While the ruling African National Congress has frequently said that it would consider selling equity in the airline, there\u2019s been no visible strategy for such a plan, said Tewolde Gebre Mariam, the chief executive officer of Ethiopian, Africa\u2019s biggest and only consistently profitable airline.<\/p>\n

\u201cWe are interested in supporting South African Airways,\u201d he said in an interview at Ethiopian\u2019s head office near Addis Ababa airport. If South Africa asked Ethiopian to buy a stake, \u201cwe would consider it,\u201d Tewolde said.<\/p>\n

\n

Read: Ethiopian Airlines considers buying a stake in SAA<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

South African Airways is open to outside investment and in talks with a number of potential partners, says President Cyril Ramaphosa.<\/p>\n","protected":false},"author":10,"featured_media":282908,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[26],"class_list":["post-346288","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-government","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/346288","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=346288"}],"version-history":[{"count":3,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/346288\/revisions"}],"predecessor-version":[{"id":346294,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/346288\/revisions\/346294"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/282908"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=346288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=346288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=346288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}