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DA says SAA received a mysterious large payment

NewsLite by NewsLite
26th Jan 2020
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The Democratic Alliance said on Sunday it was concerned that funding, from an unknown source, had been handed to the bankrupt SAA so that the airline could pay salaries and continue trading.

The party will ask Finance Minister Tito Mboweni in writing to provide details on the amount and source of the funds paid to SAA, said Alf Lees, DA member of parliament’s standing committee on public accounts (Scoring), Said in a statement on Sunday.

“The financing, whether it is a type of loan from banks, the sale of government assets or even the illegal use of the R5bn budgeted for repayment of SAA loans, means that the ANC government has once again chosen to fund the vanity project rather than the desperate needs of impoverished South Africans and the 10 million unemployed South Africans. “

The national government simply cannot continue to drain the national fiscal by funding unsuccessful state-run institutions such as SAA, he added.

“Despite a letter to Pres. Cyril Ramaphosa to request that he support Finance Minister Tito Mboweni in his position to refuse further lifebuoys to SAA, it is clear that Mboweni lost the battle. This is a sad result for South Africans and another nail in the coffin for a Moody’s downgrade. The DA feels: the only liquidation is now the answer for SAA and no further lifebuoys must be paid to them. “

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