Mabuza Gives Parliament Update on SAA
Written by Mfundo on 26 November, 2020
By: Zilungile Mkhize
Deputy President David Mabuza has re-iterated that government is engaging with the private sector to ensure that state owned airline SAA, is put on a path that no longer requires billions in bailouts.
Mabuza had been answering questions in Parliament.
South African Airways was allocated R10.5 billion in a form of a bailout by treasury.
The money is to be drawn from other budgets to help finalise the airlines business-rescue plans.
Mabuza says the identification of a Strategic Equity Partner will ensure that SAA receives no further funding from government.
He says programmes by government aimed at turning SAA around and saving jobs should receive ultimate support.
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