Administrators took over SAA in December after almost a decade of financial losses and last week creditors approved the restructuring plan, which requires at least 10 billion rand of new funds, on the understanding the government would find the necessary cash.
The minister was responding to a court case launched by the country’s largest opposition party, the Democratic Alliance, which wants to block Mboweni from using emergency powers to channel public funds to SAA.
This SAA saga is like a wounded animal - just put it down to stop the misery! I t is clear the Govt doesn't want to spend money on it but doesn't want it to close. endlessmoneypit
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