The economists said that the airline has the potential to triple its Gross Value Added to the SA economy in the next five years.
From cash-strapped to soaring high, SAA is now projected to boost South Africa with R30 billion by 2030
SAA’s Gross Value Added, which refers to the state owned airline’s contribution to South Africa’s Gross Domestic Product, was R9.1 billion for the 2023/24 financial year. SAA’s operations could bring in R1.1 billion in tax revenue for 2023/24 and R4.4 billion in 2029/30. Lastly, the report noted that SAA’s trade impact in 2023/2024 amounted to R300 million, but it could quadruple to R1.2 billion in 2029/30.The interim board, led by Dr Derek Hanekom, released SAA’s 2022/23 financial year results since the airline exited business rescue and restarted operations in September 2021.
Gross Domestic Product Gross Value Added South Africa Sa Oxford Economics Saa Group Derek Hanekom Iol Business Aviation Industry Economic Recovery Job Creation Financial Performance South African Economy Saa Gross Domestic Product Gross Value Added Sa South Africa Oxford Economics Saa Group Derek Hanekom Iol Business
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