No more government bailouts for SAA, says Gordhan after meeting unions

"The pattern of bailouts has become a moral hazard," he said.

"Over the last three years, the government has provided more than R20.5bn of fiscal support to SAA. No further financial resources can be advanced to the carrier. The government is facing severe financial constraints.""In addition to growing revenues, efficiencies must be improved and costs need to be reduced across the board.

"More effort is required to respond to the cash shortfall that the airline is experiencing in this financial year. Unfortunately, the strike is not helping as it exacerbates the financial crisis and might put the airline in a precipitous position."

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