Tag: treasury

ANC regime exploiting taxpayer’s money more and more – Treasury writes off R23 billion, SAA will get more money

26Sep 2018

The Treasury has announced that it has written off almost R23 billion of government’s SA investment. In the previous financial year, R13 billion was written off and Treasury expects SAL to show losses until 2020. According to economists, it is Read More …

Billions and billions of Rands are pumped into the SAA ‘black’ hole

11May 2018

The already struggling and bankrupt SA Airline received a further rescue buoy of R5 billion of taxpayers’ money from treasury.

SAA has not shown any profit for the past six years and state aid has so far already reached R20 billion.