Government approves SAA rescue plan, appoints new interim CEO

The government has approved a rescue plan for the ailing South African Airways that could cost taxpayers up to R16.3 billion, and is likely to be controversial. Already taxpayers have propped up the loss-making airline to the tune of R30 billion, in the last decade. Part of the plan is to get private money to fund the rescue plan and the appointment of a new interim CEO, Phillip Saunders. Guy Leitch, Editor of SA Flyer & FlightCom magazines joins CNBC Africa for more.

Partner Content

Disruptive digital solutions is rewiring the DNA of Banking

By Kennedy Mubita, Africa Head, SC Ventures. Imagine a bank whose customers can tap on a wearable device to...

The future of banking; digitization and collaboration as growth accelerants

By Kariuki Ngari, CEO & Managing Director, Standard Chartered, Kenya & East Africa COVID-19 has upended the social and...

Star Quality Speaker Line-Up at Africa Tech Festival 2020

Acknowledged as the world’s largest Africa-focused digital infrastructure and emerging tech event, the Africa Tech Festival has always attracted a stellar line-up of critical thinkers, analysts, futurists, keynote and inspirational speakers. 2020 will more than deliver on that reputation, with a stimulating array of visionary industry presenters, raconteurs and even some sporting greats.

Newsletter

Sign up for free newsletters and get more CNBC AFRICA delivered to your inbox