Mboweni dissuaded from bailing out SAA


- cajnewsafrica.com | 11 months ago

JOHANNESBURG, (CAJ News) – THE main opposition Democratic Alliance (DA) has advised against the bailing out of the South African Airways (SAA), ahead of Finance Minister, Tito Mboweni, presenting his Budget Speech on Wednesday.

DA argues the national airliner must not be bailed out as private carriers will feel the void should it be left by SAA. Alf Lees, the opposition party’s Shadow Deputy Minister of Finance, stated extending bailouts to SAA had become a huge liability for taxpayers.

“In the first place there is no logical reason for SAA to be in business at all.

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