{"id":55849,"date":"2024-01-03T19:47:43","date_gmt":"2024-01-03T19:47:43","guid":{"rendered":"https:\/\/www.africa-press.net\/malawi\/?p=55849"},"modified":"2024-01-03T19:43:35","modified_gmt":"2024-01-03T19:43:35","slug":"south-african-airways-suspends-malawi-services-effect-of-reckless-44-kwacha-devaluation","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/malawi\/all-news\/south-african-airways-suspends-malawi-services-effect-of-reckless-44-kwacha-devaluation","title":{"rendered":"South African Airways suspends Malawi services: Effect of reckless 44% kwacha devaluation"},"content":{"rendered":"

Africa-Press – Malawi. <\/strong><\/span>The South African Airways (SAA) has announced suspension of services to Malawi (Lilongwe and Blantyre), with effect from Thursday, November 30, 2023. The development comes barely a week after President Lazarus Chakwera\u2019s Tonse Alliance government devalued Malawi Kwacha by 44%.<\/p>\n

The Kwacha devaluation has worsened already economic volatile as goods and services have gone up beyond locals imagination. A statement issued on Tuesday, November 21, 2023 says in an industry alert last week, SAA mentioned that it was monitoring the situation of substantial<\/p>\n

devaluation of the Malawi Kwacha, acute foreign currency shortages and the escalation of blocked funds, closely before making the \u2018difficult\u2019 decision to cancel its route to Malawi.<\/p>\n

SAA\u2019s Chief Executive Officer John Lamola says the decision to cancel the route is a carefully considered risk management intervention in response to Malawi\u2019s current economic challenges. \u201cSouth African Airways (SAA) will suspend service to Malawi (Lilongwe and Blantyre), due to the recent economic challenges in Malawi.<\/p>\n

\u201cIn an industry alert last week, SAA mentioned that it was monitoring the situation of substantial devaluation of the Malawian Kwacha, acute foreign currency shortages, and the escalation of blocked funds, closely before making the difficult decision to cancel its route to Malawi,\u201d reads part of SAA statement.<\/p>\n

SAA adds, \u201cThe suspension of services to Malawi is effective from Thursday, 30th November 2023.This move should not be interpreted as a step back from the airline\u2019s commitment to serving the people of Malawi and promoting trade links between South Africa and Malawi.<\/p>\n

\u201cAs the new leadership of SAA-and as a small but growing airline \u2013 we cannot commit to routes that are not financially sustainable. SAA values its relationship with the Malawian market and thanks its customers for their understanding and continued support during these challenging times\u201d.<\/p>\n

Lamola concludes, \u201cWe will continue to closely monitor the situation. We remain open to resuming the route to Malawi as soon as the situation warrants the substance of financially efficient operations from this route<\/p>\n

\u201cSAA apologizes for any inconvenience this may cause and thanks its customers for their understanding and continued support during these challenging times\u201d<\/p>\n

For More News And Analysis About Malawi<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Malawi. The South African Airways (SAA) has announced suspension of services to Malawi (Lilongwe and Blantyre), with effect from Thursday, November 30, 2023. The development comes barely a week after President Lazarus Chakwera\u2019s Tonse Alliance government devalued Malawi Kwacha by 44%. The Kwacha devaluation has worsened already economic volatile as goods and services […]<\/p>\n","protected":false},"author":84,"featured_media":55847,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,410],"tags":[233,371,234],"class_list":["post-55849","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-to-homepage","tag-africa-press","tag-africa-press-malawi","tag-malawi"],"yoast_head":"\nSouth African Airways suspends Malawi services: Effect of reckless 44% kwacha devaluation - Malawi<\/title>\n<meta name=\"description\" content=\"The South African Airways (SAA) has announced suspension of services to Malawi (Lilongwe and Blantyre), with effect from ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/malawi\/all-news\/south-african-airways-suspends-malawi-services-effect-of-reckless-44-kwacha-devaluation\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South African Airways suspends Malawi services: Effect of reckless 44% kwacha devaluation\" \/>\n<meta property=\"og:description\" content=\"The South African Airways (SAA) has announced suspension of services to Malawi (Lilongwe and Blantyre), with effect from ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/malawi\/all-news\/south-african-airways-suspends-malawi-services-effect-of-reckless-44-kwacha-devaluation\" \/>\n<meta property=\"og:site_name\" content=\"Malawi\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-03T19:47:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2024\/01\/sm_1704249665.504785.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"482\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/south-african-airways-suspends-malawi-services-effect-of-reckless-44-kwacha-devaluation#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/south-african-airways-suspends-malawi-services-effect-of-reckless-44-kwacha-devaluation\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"South African Airways suspends Malawi services: Effect of reckless 44% kwacha devaluation\",\"datePublished\":\"2024-01-03T19:47:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/south-african-airways-suspends-malawi-services-effect-of-reckless-44-kwacha-devaluation\"},\"wordCount\":370,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/south-african-airways-suspends-malawi-services-effect-of-reckless-44-kwacha-devaluation#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2024\/01\/sm_1704249665.504785.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Malawi\",\"Malawi\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/malawi\/all-news\/south-african-airways-suspends-malawi-services-effect-of-reckless-44-kwacha-devaluation#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/south-african-airways-suspends-malawi-services-effect-of-reckless-44-kwacha-devaluation\",\"url\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/south-african-airways-suspends-malawi-services-effect-of-reckless-44-kwacha-devaluation\",\"name\":\"South African Airways suspends Malawi services: Effect of reckless 44% kwacha devaluation - 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