The government has allocated R3.8bn to troubled national airline SAA as part of funding to state-owned entities in the current financial year, ending in March 2021. The similarly financially ruined Eskom will get R33bn for the same period.
The standing committee on public accounts heard last Friday that the business rescue practitioners were yet to finalise a “viable” plan to rescue SAA. struggling power entity, Masualle said the
As much as the entity could have had relief and do further operational maintenance of some of the plants during the lockdown to ensure better levels of energy availability when the economy restarts, he said the reality was that its financial position has weakened because of the loss of revenue.
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