Taxpayers likely to stump up SAA’s R1.1bn Comair bill
Bankrupt national carrier resolves 14-year-old anticompetitive legal battle with regional rival
Cash-strapped SAA will have to fork out R1.1bn to its rival Comair to settle a decade-old competition case, with taxpayers most likely having to foot the bill. The national airline, which has still not submitted its 2017/18 financial statements to parliament, is one of several state-owned enterprises, including Eskom, Denel and the SABC, which are relying on a government bailout to stabilise their parlous finances. If you are already a subscriber, please click on the following link to go to the full article: Taxpayers likely to foot SAA’s R1.1bn Comair bill If you would like to subscribe to BusinessLIVE to read the full story, please click here.
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