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The budget delivered by Finance Minister Enoch Godongwana on Wednesday has been widely welcomed after addressing the ‘elephant in the room’ that is Eskom’s R423 billion debt, a big part of which was at risk of default. ....
Takatso underwhelmed by R1bn for SAA from Godongwana's budget dispatchlive.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dispatchlive.co.za Daily Mail and Mail on Sunday newspapers.
Takatso Aviation indicated in a statement on Wednesday that it was underwhelmed by the provision of R1bn to SAA from finance minister Enoch Godongwana’s budget, saying it added uncertainty to the financing process for the embattled airline. ....
According to Treasury, SAA had net group losses for the first three quarters of the current financial year, amounting to R50 million - a significant improvement on the predicted budgeted loss of R637 million.
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