After SAA admitted to parliament that it is in great distress and are again requesting a further rescue ‘bail out’.
SAA recently received R10 billion to pay debts, but now needs a further R12 billion, but expects to be out of trouble by 2021.
The Deputy Minister of Finance says to privatize SAA will cost R60 billion.
And matters with the post office is not much better.
In spite of a capital injection of R3,7 billion from an unknown source, its annual deficit is R700 million.
Read the original article in Afrikaans on Die Vryburger
South Africa Today – South Africa News
