SAA funding gap not plugged in Godongwana’s mid-term budget

October 29, 2022

Home » SAA funding gap not plugged in Godongwana’s mid-term budget
Hopes of the medium-term budget providing South African Airways (SAA) with the last monies due to creditors in terms of its business rescue plan were dashed by Finance of Finance Enoch Godongwana on Wednesday - and the Department of Public Enterprises (DPE) is not happy. Godongwana announced that the final tranche of R16.4-billion, set out in the 2020 Budget Review for the 2020 medium-term expenditure framework, was repaid in July 2022. He said this "has eliminated government-guaranteed debt-related exposure to SAA".  ....

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