/ MEDIA STATEMENT / The content on this page is not written by Polity.org.za, but is supplied by third parties. This content does not constitute news reporting by Polity.org.za.
The DA notes Finance Minister, Malusi Gigaba's, report submitted to Parliament yesterday that the R2.2 billion SAA bailout will be funded by the sale of assets.
It is however appalling that SAA has been allowed to accumulate losses that amount to R15.7 billion over the last five years.
The DA will robustly monitor Gigaba and National Treasury closely to ensure that the recapitalisation of SAA is budget neutral and that former Finance Minister, Pravin Gordhan’s, other commitments in his 2017 budget speech to prioritise a return of SAA to profitability as well as to expand private participation in SAA are adhered to.
Issued by DA
EMAIL THIS ARTICLE SAVE THIS ARTICLE ARTICLE ENQUIRY
To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here