Godongwana gives SAA another billion rand

Aside from mounting a financial rescue operation at Eskom, the government will give another R1 billion to SAA before the end of the current financial year towards paying off the airline’s historical debt.

A senior treasury official said the carrier’s remaining debt stands at some R2.5 billion owed to “odds and ends creditors” and includes ticket refunds. The airline held more than R16 billion in government guaranteed debt, which has now largely been settled. The budget does not give a new allocation for Denel, and notes that of R3.4 billion allocated last year, only R204.7 million has been disbursed because the weapons maker failed to meet the conditions attached, including implementing a turnaround plan and developing a sustainable business model. Like SAA, the company did not submit financial statements for the year.

Taxpayers have been paying for ANC government mismanagement of SAA for a very long time now. How long do we still have to pay for their mistake?

So is the SAA going to get fuel for free when it refuels at OR Tambo or Cape Town airports?

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