Taxpayer? SAA says it needs another R13 billion from you (or profitable Telkom)

National Treasury is considering yet another bailout – this time totalling R13 billion - to keep SAA going.

Government is considering selling part or all of its 39% stake in Telkom, a profitable company.

Two months ago; Government gave the airline R2.3 billion to settle some debts.

(Also read: "Comair profits up 54% - marking 71 profitable years in a row, no bailout needed".)

The Money Show’s Bruce Whitfield interviewed aviation expert and SA Flyer Magazine Editor Guy Leitch.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

The world airline industry is having an absolute heyday! It’s never made so much money!

Guy Leitch, SA Flyer Magazine

Mango is doing all-right…

Guy Leitch, SA Flyer Magazine

This reduction in flights is window dressing…

Guy Leitch, SA Flyer Magazine

…it’s corruption that is causing these losses…

Guy Leitch, SA Flyer Magazine

Dudu Myeni’s record is appalling.

Guy Leitch, SA Flyer Magazine

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This article first appeared on 702 : Taxpayer? SAA says it needs another R13 billion from you (or profitable Telkom)


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