SAA Rebounds with Profit, Eyes R32.6B GDP Boost as Transport Sector Reforms Roll On

“SAA is no longer reliant on government support and remains open to entering a strategic equity partnership as part of its longer-term restructuring,” Creecy added.

After years of financial turbulence, corruption scandals, and a prolonged business rescue process, South African Airways (SAA) is taking flight once again—this time as a self-sustaining and economically valuable national asset. This milestone was highlighted by Transport Minister Barbara Creecy during the Department of Transport’s 2025/26 Budget Vote presentation to Parliament on Wednesday morning.

The Minister presented a broad update on the recovery and reform of the country's transport sector, from aviation and rail infrastructure to road maintenance and public transport upgrades, all of which play a pivotal role in driving economic development, job creation, and connectivity.

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SAA Takes Off Again: From Rescue to Profitability

Once a symbol of state capture-related mismanagement, SAA has now turned a critical corner, with the airline operating independently, free of government guarantees, and making strategic moves to strengthen its fleet and financial standing.

“With unencumbered assets and renewed profitability, SAA is well-positioned to drive economic value through expanded international services, job creation, and increased contributions to tourism and trade,” said Creecy.

SAA posted a R252 million profit in the 2022/23 financial year, marking the first profitable year since 2012. This was achieved after concluding three of four outstanding audits, while continuing to operate a growing network of domestic, continental, and international routes.

An Oxford Economics Africa study commissioned by the department further underscores SAA’s growing economic impact:

• SAA contributed R9.1 billion to South Africa’s GDP in 2023/24.

• By 2029/2030, that figure is expected to more than triple to R32.6 billion.

• The airline’s operations currently support 25,000 jobs, a number projected to grow to 86,700 jobs by 2029.

“SAA is no longer reliant on government support and remains open to entering a strategic equity partnership as part of its longer-term restructuring,” Creecy added.

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Infrastructure Investment in ACSA and Airports

To support the growing air traffic and freight demand, the government has allocated R21.7 billion to Airports Company South Africa (ACSA) for infrastructure development across its airport network.

Key projects include:

• Expanding capacity to handle 42 million annual passengers.

• Building a new air freight terminal at OR Tambo International Airport.

• Fast-tracking projects to ensure reliable jet fuel supply at all airports.

• Upgrading airport facilities, security systems, and passenger experience technologies.

These investments are part of the department’s broader vision to make South Africa a competitive air travel and cargo hub, not only within Africa but in the global logistics ecosystem.

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Roads: SANRAL and Maintenance Rollout

On the land transport front, SANRAL (South African National Roads Agency Limited) continues to play a crucial role in maintaining and expanding the national road network.

“Over the past year, SANRAL took over 3,099 kilometers of provincial roads,” said Creecy.

These roads are now being maintained under SANRAL’s Route Road Maintenance Programme, with funds being reprioritised within existing maintenance and capital allocations. This effort is vital in addressing deteriorating road conditions, a long-standing concern across provinces.

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Progress on Driver's Licence Card Printing

Creecy also addressed the persistent delays in issuing driver’s licence cards, confirming that the problematic card printing machine is now back in operation.

To avoid future disruptions:

• A Memorandum of Understanding has been signed with the Government Printing Works.

• A backup system is being developed, expected to be fully operational within three months.

“We are hard at work to clear out the printing backlog and ensure permanent printing resilience for the future,” Creecy stated.

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Building a Resilient, Modern Transport System

Minister Creecy reiterated the department’s commitment to modernizing the transport sector, supporting economic recovery, and improving public access to safe and efficient mobility.

Her presentation revealed an integrated approach focused on:

• Restoring and expanding rail and air services.

• Revitalizing port and logistics infrastructure.

• Maintaining and modernizing road networks.

• Leveraging technology and public-private partnerships.

By aligning strategic investments and operational reforms with key national goals, the Department of Transport is not just improving mobility—it is driving inclusive growth, stimulating trade, and supporting employment.

As SAA charts its new course and ACSA expands its infrastructure, South Africa’s transport future is beginning to resemble one of resilience, opportunity, and forward momentum.