Public Enterprises Minister Pravin Gordhan says a restructured SAA will not be dependent on the national fiscus as it will be structured according to the Telkom model.
He was taking part in a debate in the National Assembly yesterday about the financial burden of sustaining non-profitable State Owned Entities.
Some
opposition parties have criticised the multi-billion rand bailouts or guarantees given to some of the financially struggling entities.
Gordhan reiterated that the latest allocation to the national carrier during last week's Medium Term Budget Policy Statement is not a bail out.
He says it will pay for retrenchments, voluntary severance packages and to refund customers who bought tickets but could not fly."https://scontent-jnb1-1.xx.fbcdn.net/v/t1.0-9/124273121_3693875560664801_1646351136567174972_n.jpg?_nc_cat=100&ccb=2&_nc_sid=8024bb&_nc_ohc=qeHZIC-8V_wAX9Ajf_B&_nc_ht=scontent-jnb1-1.xx&oh=168c5607c555d3f6d15f2f015fba8379&oe=5FC99BDD"
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