The already struggling and bankrupt SA Airline received a further rescue buoy of R5 billion of taxpayers’ money from treasury.
SAA has not shown any profit for the past six years and state aid has so far already reached R20 billion.
SAA is considered by rating companies to be one of the major entities that slurps up taxpayers’ money. It is hoped that SAA will break even within three years, which means that tons of money has disappeared into a deep ‘black’ hole.
Read the original article in Afrikaans on Die Vryburger
South Africa Today – South Africa News
