South African Airways rejects Naira for payment of tickets

South African Airways will henceforth reject Naira for payment of its flight tickets.

The airline disclosed this in a statement issued on Wednesday and addressed to its trade partners.

It added that the decision would take effect immediately.

The development may not be unconnected with the $450 million belonging to some foreign carriers and trapped in the country. .

The airline hope the decision will ensure seamless repatriation of its funds to South Africa rather than getting them trapped in Nigeria.

READ ALSO: ‘Accept our Naira,’ Nigerians lament challenges with paying Google in dollars

The Southern African carrier declared that from Wednesday passengers can only issue Sold Inside Ticketed Inside (SITI), that is, trips emanating from Lagos-Johannesburg-Lagos tickets in naira.

In other words, payments for all tickets issued in Nigeria will be in Naira in line with the Central Bank of Nigeria (CBN) policy on purchase of flight tickets in the country.

The statement read: “Please be informed that effective from Wednesday 10th August 2022, you can ONLY issue SITI (i.e. LOS-JNB-LOS) tickets in Naira. ALL other tickets, i.e. SOTI and SOTO, have to be issued in USD.

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now