SOEs adding to govt spending pressure; e-tolls to remainSOEs adding to govt spending pressure; e-tolls to remainSOEs adding to govt spending pressure; e-tolls to remainSOEs adding to govt spending pressure; e-tolls to remain
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SOEs adding to govt spending pressure; e-tolls to remain

October 30, 2019

South African Airways is one of a number of State-owned enterprises adding to spending pressures on government, Finance Minister Tito Mboweni reiterated on Wednesday. He pointed out that the airline was insolvent and, in its current configuration, unlikely to ever generate sufficient cash flow to sustain its operations. Government will repay SAA’s outstanding government guaranteed debt of R9.2-billion over the next three years, to honour operational contraction obligations, with SAA unable to repay this. He also called on citizens to pay their e-tolls, saying government was unable to sustain the road network without the additional funding from tolls.

Link to Engineeringnews.co.za

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