Tag Archives: subsidy

Why an Additional 10 Billion Rand Subsidy to SAA is a Bad Idea?

  The South African Airways has asked the South African government for additional 10 billion rand subsidy, saying that the state-owned company needs to recapitalise and to be on a profit-making path according to a presentation to Parliament by the finance minister Malusi Gigaba.   This request forms part of a one-year corporate plan submitted by SAA to the national […]

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SAA, Thou Shall Not Live by Money Alone!

  By Vivian Atud Johannesburg–Sunburst Africa–It was announced last week that the National Treasury has backed the National carrier South African Airways (SAA) with a 6.5 billion guarantee. According to SAA it needed a new government guarantee urgently so it could convince its auditors it was a going concern, enabling it to finalise its financial statements for the past year. […]

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