UNDER THE MICROSCOPE

SAA Funding

The Daily Maverick reports that when the Cabinet meets within the next two weeks, ministers will be asked to make more budget cuts in crucial service delivery programmes. This will be over and above the departmental budget cuts of at least 20% that were pencilled into the June supplementary budget…they will be asked to reprioritise funds to save SAA. SAA requires R10.4-billion to fund the implementation of its business rescue plan, which proposes paying unsecured creditors nearly R2-billion over three years, retrenchment packages worth R2.2-billion to 2,000 workers, and funding the restart of the airline’s flights in January 2021.