CAROL PATON: SAA’s R10bn bailout — myth or reality?
Confusion surrounds positions of Pravin Gordhan and Tito Mboweni on the national carrier, but who will pay?
Pravin Gordhan and the department of public enterprises did a good job of pulling a fast one on the country last week when they “welcomed the commitment by National Treasury that government will support and source funding for a business rescue plan for SAA”.
News media around the country reported that SA would have a new airline and that the Treasury would fund it. Opposition political parties were outraged at the decision, coming so soon after the supplementary budget — in which SA’s financial mess was laid bare — and in which budgets across the board were slashed and no additional funding was allocated to SAA...