DA rejects R5 billion SAA bailout
18 November 2015
The DA today calls on Treasury to immediately and publically reject the South African Airway’s (SAA) request for a further bailout of R5 billion. This request is ludicrous given the financial constraints our country is currently facing. It will drive our economy over the fiscal cliff, undermine economic growth and result in job losses.
It is high time that Treasury stopped tip-toeing around this on-going crisis. We need bold leadership now. To this end, the DA calls on the Minister of Finance to initiate a process that would see SAA privatised. This is in accordance with our alternative budget.
The Minister of Finance has had his chance and it hasn’t worked. Privatisation can now be the only way forward.