Close Menu
    • ABOUT
    • BOOK STORE
    • ENTREPRENEURSHIP
    • ESG
    • EVENTS & AWARDS
    • POLITICS
    • GADGETS
    • CONTACT
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    Business explainer
    Friday, October 9
    • TRENDING
    • EXECUTIVES
    • COMPANIES
    • STARTUPS
    • GLOBAL
    • AGRICULTURE
    • DEALS
    • Ai
    • ECONOMY
    • MOTORING
    • TECHNOLOGY
    Business explainer
    Home » Zimbabwe’s R900m SAA Debt 
    TRENDING

    Zimbabwe’s R900m SAA Debt 

    October 9, 20263 Mins Read
    Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email Telegram WhatsApp
    Follow Us
    Google News
    Barbara Creecy - South African Transport Minister
    Share
    Facebook Twitter LinkedIn Email Copy Link

    South Africa is using diplomatic channels to try to recover more than R900m that Zimbabwe owes South African Airways (SAA). Parliament heard this week that there is no clear timeline for repayment.

    Officials from the Department of International Relations and Cooperation (DIRCO) told Parliament’s Standing Committee on Appropriations on Tuesday that the department has been facilitating talks between ministers through the two countries’ Bi-National Commission. The talks aim to get Zimbabwe to release money owed to South African companies, including the state-owned airline.

    MPs asked for exact figures on what foreign governments owe South Africa and how they plan to repay it. Neither was disclosed in the open session, and the committee continued the discussion behind closed doors.

    IndicatorFigure
    SAA ticket revenue owed by Zimbabwe (Auditor-General)More than R900m
    Zimbabwe’s proposed repayment rate$1m (about R16.5m) a quarter
    Airline funds blocked in Zimbabwe, all carriers (Oct 2025)$67m (about R1.1bn)
    Airline funds blocked globally (Oct 2025)$1.2bn (about R19.8bn)
    South Africa–Zimbabwe trade (2025)About R81bn

    The debt relates to ticket sales on SAA’s routes to Harare and Victoria Falls, and has built up since 2020 as Zimbabwe struggled with liquidity shortages. In April, the Auditor-General’s office told Parliament that Zimbabwe owed SAA more than R900m and that unpaid amounts from foreign countries were weighing on the airline’s long-term sustainability. SAA is owed about R1.4bn across all countries.

    Zimbabwe previously offered to repay $1m (about R16.5m) a quarter, a schedule that would have taken more than 16 years to clear the debt. SAA rejected the offer in 2024. In 2024, Transport Minister Barbara Creecy told Parliament that the government would consider diplomatic efforts to recover the money. Former SAA chief financial officer Lindsay Olitzski, who retired in March, said no payments had been received by then.

    The problem goes beyond SAA. According to the International Air Transport Association, airlines had $67m (about R1.1bn) blocked in Zimbabwe at the end of October 2025, the seventh-highest amount of any country. Globally, governments held back $1.2bn (about R19.8bn) in airline revenue, 93% of it in Africa and the Middle East.

    DIRCO chief director Nyameka Goso told MPs that Minister Ronald Lamola had written letters and arranged ministerial meetings to secure repayment agreements. She said it is hard to make other countries fully carry out agreed decisions, and that political changes in those countries often stall implementation. DIRCO also said it is struggling to recover toll fees collected at the Beitbridge border post, and that South African mining companies face difficulties getting their money out of other countries.

    Committee chairperson Mmusi Maimane expressed doubt that the money would be recovered and asked whether the department could impose penalties. He also questioned South Africa’s close relations with governments that he said do not uphold constitutional democracy. DIRCO said its role is limited to facilitation, that it acts on direction from the departments concerned, and that further steps are a decision for political principals.

    The debt sits against a lopsided trade relationship. Trade between the two countries reached about R81bn in 2025. President Cyril Ramaphosa has said South Africa sells roughly eight rand of goods to Zimbabwe for every rand it buys. The fourth session of the Bi-National Commission, held in Pretoria in August, produced six agreements, none of which covered outstanding debts.

    Follow on Google News
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Copy Link WhatsApp

    Related Posts

    Why GBV Belongs in the Boardroom Conversation

    October 9, 2026

    Criminal Charges Filed Against Thousands of Defaulting Security Sector Employers

    October 2, 2026

    REPORT: Fast Food Has Become a Weekly Habit for South Africans

    September 29, 2026

    Tavern Deaths Raise Questions About Liquor Licensing

    September 29, 2026
    Top Posts

    Absa Launches Grant Fund to Back Young Entrepreneurs

    July 26, 20263,268

    Old Mutual Shareholders Reject CEO Pay Plan

    July 16, 20263,124

    PIC Board Suspends Its CEO

    July 13, 20262,830

    Avatar Confirms Ngubane’s Abrupt Exit as Co-Chief Creative Officer

    July 22, 20262,524
    Don't Miss

    Isuzu Motors South Africa Invests R30 Million More in Gqeberha Plant

    October 9, 2026 INVESTING

    Isuzu Motors South Africa (IMSAf) has invested close to R30 million in its commercial vehicle…

    Finance Transformation Needs the Right People at the Right Time

    October 9, 2026

    New SUV Delivers Over 1,000 Km Total Range

    October 9, 2026

    Cybersecurity Awareness Month Spotlight

    October 9, 2026
    Stay In Touch
    • Twitter
    • LinkedIn
    • Facebook

    Business Explainer proudly displays the “FAIR” stamp of the Press Council of South Africa, indicating our commitment to adhere to the Code of Ethics for Print and online media which prescribes that our reportage is truthful, accurate and fair. Should you wish to lodge a complaint about our news coverage, please lodge a complaint on the Press Council’s website, www.presscouncil.org.za or email the complaint to khanyim@presscouncilsa.org.za Contact the Press Council on 011 4843612.

    Facebook X (Twitter) LinkedIn
    Categories
    • TRENDING
    • EXECUTIVES
    • COMPANIES
    • STARTUPS
    • GLOBAL
    • AGRICULTURE
    • DEALS
    • Ai
    • ECONOMY
    • MOTORING
    • TECHNOLOGY
    contact us
    • Get In Touch
    Facebook X (Twitter)
    • Privacy Policy
    © 2026 Business Explainer .

    Type above and press Enter to search. Press Esc to cancel.