Government puts R10b aside for SAA in medium term
South Africa’s government has provisionally set aside R3.8b ($212m) for South African Airways and another R164m for SA Express in the current fiscal year. Department of public enterprises deputy director general Kgathatso Tlhakudi gave the figure during a 20 May presentation before the parliamentary portfolio committee on public enterprises. Tlhakudi pointed out that the budget allocated by the treasury is “under strain” owing to “unplanned spending” to cope with the coronavirus crisis, and that it “will look different in a couple of weeks”. But he highlighted a transfer of R37b to state-owned enterprises this year, with the vast majority to electricity utility firm Eskom. The figures also included R3.8b to South African Airways in 2020-21, part of a R9.9b sum set aside for the medium term.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-05-21/star/government-puts-r10b-aside-for-saa-in-medium-term
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Government puts R10b aside for SAA in medium term
South Africa’s government has provisionally set aside R3.8b ($212m) for South African Airways and another R164m for SA Express in the current fiscal year. Department of public enterprises deputy director general Kgathatso Tlhakudi gave the figure during a 20 May presentation before the parliamentary portfolio committee on public enterprises. Tlhakudi pointed out that the budget allocated by the treasury is “under strain” owing to “unplanned spending” to cope with the coronavirus crisis, and that it “will look different in a couple of weeks”. But he highlighted a transfer of R37b to state-owned enterprises this year, with the vast majority to electricity utility firm Eskom. The figures also included R3.8b to South African Airways in 2020-21, part of a R9.9b sum set aside for the medium term.<br/>
