SAA Act transferred back to Public Enterprises

President Cyril Ramaphosa has transferred the administration of the South African Airways Act, and accompanying functions, from the Minister of Finance back to the Minister of Public Enterprises.

A proclamation to this effect was gazetted on 1 August 2018.

The transfer follows a study commissioned by National Treasury and the Department of Public Enterprises to develop the optimal group structure for the State-owned aviation assets.

The recommendations from this study, if considered appropriate, may require implementing changes to the group structure of SAA.

As the executive authority for other major SOCs, including SA Express, the Minister of Public Enterprises is best placed to be the custodian of all of the State’s aviation assets.

These assets are South African Airways (SAA) and its subsidiary, Mango, and SA Express, said the Ministries of Finance and Public Enterprises in a joint statement.

Source: South African Government News Agency