Ramaphosa faces difficult questions about SAA’s R10bn bail-out
The deputy president could finally shine some light on where the money will come from when he answers questions in the National Council of Provinces
Deputy President Cyril Ramaphosa will on Wednesday be asked exactly where the money for a proposed multibillion-rand bail-out of embattled national airline SAA will come from. SAA would need R10bn, Finance Minister Malusi Gigaba said last month. While he said talks with lenders were under way about the money‚ a final plan has not yet been presented explaining where the money will come from. On Wednesday, however, Ramaphosa will report to members of the National Council of Provinces and that answer might need to be forthcoming. DA MP Cathleen Labuschagne is set to ask Ramaphosa whether Gigaba will use emergency funding from the National Revenue Fund to meet the loan requirements and‚ if not‚ to explain where the money will come from. This is not the only question relating to parastatals that Ramaphosa will have to field. Delisile Ngwenya of the EFF wants Ramaphosa to "guarantee" that state-owned enterprises will not be sold — and also for him to promise that they will be capacitated ...
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