South African Airways denies cargo division sale rumour

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South African Airways has denied reports it is considering selling its cargo arm, owing to its troubled financial situation. According to City Press, a report recently presented to the board noted that although the cargo division had made a profit of $27m, it needed some serious investment to upgrade outdated facilities and processes. The report was said to suggest there was a preferred option of outsourcing it to a third party. However, an airline spokesman told ATW it still had financial guarantees available and ...