Cape Town - Public Enterprises Minister Pravin Gordhan has said in a letter to Parliament's watchdog committee on public accounts the government would secure funding for the business rescue of mothballed national carrier South African Airways before the month is out.
"I have accordingly engaged with the SAA business rescue practitioners and we kindly request for postponement of the meeting to another date, preferably, the week commencing October 26," he wrote. Two weeks ago, business rescue practitioners Les Matuson and Siviwe Dongwana announced that the airline would suspend all operations immediately while talks with government continued on funding of R10.4 billion for the airline's immediate short and medium term operations.
Gordhan has been adamant that the loss-making airline must be saved and restructured, contrary to Finance Minister Tito Mboweni who has been open about his reluctance to pour more public money into the loss-making carrier.
But they dont have money to pay civil servants agreed increase
MangenaMhamba Obviously just after 21.10.20. Tito’s medium term budget. The insanity continues...won’t be the last tranche...the fiscal cliff draws ever nearer. More social programmes down the drain. Poverty is the price for supporting these clowns.
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