South Africa: Minister Gigaba Must Account for SAA's R1,2 Billion Operating Loss

press release

The long awaited South African Airways' (SAA) 2012/13 annual report has finally been tabled in Parliament and, as expected the findings are deeply concerning. The report shows that SAA has managed to rack up a R1, 2 billion operating loss that year.

The DA calls on the Minister of Finance, Pravin Gordhan, to announce during his Budget Speech tomorrow that no further bailouts will be extended to SAA from the public purse, and that steps will be taken to privatise this state entity. This company provides no value for money for the South African tax payer, and is proving to be nothing more than a drain on our budget.

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