CAROL PATON: Pravin Gordhan’s breathtaking manipulation of the Treasury over SAA
21 June 2021 - 17:10
Like many others, I will be happy when SAA flies as far away from the SA fiscus as possible.
The financial cost has been heavy: between 2003 and 2019, cash bailouts to SAA amounted to R31.2bn and debt, which the government must still repay, to R16.4bn. Add to this the cost of the business rescue — R16bn so far, with another R3.5bn requested — and we stand at R67.1bn over the past 20 years. Several airlines could have been bought for that...
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