Last week the airline announced that it has posted its first profit since 2012
A study conducted by Oxford Economics Africa reveals that South African Airways’ survival is crucial to the local economy.
The study shows that SAA’s total economic contribution is projected to grow to R22.6 billion by 2029/30.Despite its improvement, SAA is still looking for a partner to help it gain its lost market share as per the growth strategy. Professor John Lamola, SAA interim CEO, says the study also reveals that the airline in the past financial year contributed positively to the country’s economy.
“We had commissioned a study some months ago where we needed to say that South African Airways has a mandate that beyond its financial mattresses. It’s not about just making profit but it’s about stimulating the South African economy as a catalytic industry where we are promoting tourism movement, where we are promoting trade, where we are creating jobs and transformation.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Committee to get legal advice on Malatsi withdrawing SABC Bill - SABC News - Breaking news, special reports,Communications and Digital Technologies Committee seeks legal advice on withdrawing of the SABC Bill
Read more »
MMA raises concern over conflict on SABC Bill amid financial crisis - SABC NewsBird says public broadcasting funding models need to be urgently researched
Read more »
Pope suggests international study into possible genocide in Gaza - SABC NewsIsrael says accusations of genocide in its Gaza campaign are baseless
Read more »
Business at Lebombo Border slow due to Mozambique unrest - SABC News - Breaking news, special reports,One taxi operator says people are afraid to cross the border, despite normal operations.
Read more »
SIU raids Makana Municipality offices - SABC News - Breaking news, special reports, world, business, sportThe investigation will look into the Makana Bulk Sewer Upgrade Phase 1.
Read more »
Manchester United appoint Ruben Amorim as head coach - SABC News - Breaking news, special reports, world,The 39-year-old Amorim will join United on a contract until 2027.
Read more »