Mboweni: ‘The state entity SAA should be closed down’

Die Vryburger

Mboweni: ‘The state entity SAA should be closed down’
Mboweni: 'The state entity SAA should be closed down'. Photo: Die Vryburger

Tito Mboweni said that SAA should be closed. The entity last showed a profit in 2010 and is a burden for the state.

According to him, it is not his job to close SAA, but he does not see any possibility that SAA will ever become profitable again.

The R30 billion already pumped into the rescue of the company will never be reclaimed, he added.

Meanwhile, it became apparent that the SABC’s top management earns more than R12 million a year. The Chief Executive Officer earns R5,1 million, the operational head R4 million.

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