Taxpayers likely to foot SAA’s R1.1bn Comair bill
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.
Would you like to comment on this article or view other readers' comments? Register (it’s quick and free) or sign in now.
Please read our Comment Policy before commenting.