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HomePoliticsDADA To Reject Any Proposal To Bailout SAA From Government

DA To Reject Any Proposal To Bailout SAA From Government

The Democratic Alliance (DA) has noted the latest notice to affected persons by SAA's Business Rescue Practitioners. The continuation of the business rescue proceedings will depend on the provision of timeous short term funding from government during the course of next week.

DA To Reject Any Proposal To Bailout SAA From Government -SurgeZirc SA
The Minister of Finance, Tito Mboweni/ Photo File: EWN

The Democratic Alliance (DA) has noted the latest notice to affected persons by SAA’s Business Rescue Practitioners. The continuation of the business rescue proceedings will depend on the provision of timeous short term funding from government during the course of next week.

“We want to make it clear that this attempt by SAA’s BRPs to hold the proverbial knife to South African taxpayer’s throats and demand a bailout should not be accepted,” said DA.

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However, it said ANC government is still under legal notice from the DA on the use of taxpayer funds to finance another SAA bailout.

“We will not hesitate to go back to court if the Ministers of Public Enterprises and Finance dare to cross this line,” it said.

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The latest notice by the BRPs only serves to confirm that the recent claims that SAA was receiving unsolicited investment bids from private players were not serious. Furthermore, were designed to placate South African taxpayers who will likely land up paying out R10.4 billion to save the SAA vanity project of the ANC.

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The party said with a month to go before the announcement of the Medium Term Budget Policy Statement (MTBPS) by Tito Mboweni, the Minister of Finance, the DA will remain vigilant and ensure that South Africans are not ‘ambushed’ by a shock announcement for another SAA bailout.

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StatsSA just announced the worst GDP contraction in SA’s history and the DA will oppose the ANC government’s predilection with financing their SAA vanity project at the expense of South Africans who have lost their jobs and seen their small businesses collapse during the Covid-19 period.

 

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Florence Sibiya for SurgeZirc SA
Florence Sibiya for SurgeZirc SA
Florence Sibiya is a highly dedicated and talented reporter for SurgeZirc SA Business News. With her passion for business and her commitment to delivering accurate and reliable news, she has become an invaluable asset to the team.
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