Cash-strapped SAA will have to fork out R1.1bn to its rival Comair to settle a decade-old competition case, with taxpayers most likely having to foot the bill.
The national airline, which has still not submitted its 2017/18 financial statements to parliament, is one of several state-owned enterprises, including Eskom, Denel and the SABC, which are relying on a government bailout to stabilise their parlous finances.
Apart from paying R1.1bn, SAA was also ordered to carry the costs of the 14-year-old legal battle. The airline is hoping finance minister Tito Mboweni will announce some form of financial assistance when he tables his 2019/20 budget in parliament on Wednesday.
Taxpayers likely to foot SAA’s R1.1bn Comair bill
Image: SAA
Cash-strapped SAA will have to fork out R1.1bn to its rival Comair to settle a decade-old competition case, with taxpayers most likely having to foot the bill.
The national airline, which has still not submitted its 2017/18 financial statements to parliament, is one of several state-owned enterprises, including Eskom, Denel and the SABC, which are relying on a government bailout to stabilise their parlous finances.
Apart from paying R1.1bn, SAA was also ordered to carry the costs of the 14-year-old legal battle. The airline is hoping finance minister Tito Mboweni will announce some form of financial assistance when he tables his 2019/20 budget in parliament on Wednesday.
gernetzkyk@businesslive.co.za , ensorl@businesslive.co.za
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