SAA bailout doesn’t exist, DA must provide ‘evidence’ for allegations – Mboweni

‘… this bailout thing you talk about does not exist. It only exists in your mind,’ the finance minister tweeted to the DA’s spokesperson on finance, Geordin Hill-Lewis.

This after the main opposition party announced on Friday that it had filed an urgent interdict application in the North Gauteng High Court in Pretoria to prevent any money for SAA coming from “emergency” funding, by means of a provision in the Public Finance Management Act. “Courts are very important, powerful, respected and central institutions with decorum over the ages. They have developed doctrines such as=‘Do not waste the court’s time with trivial/small issues.’ So the @geordinhl SAA interdict might fall under this. But we meet in court. Right?” the tweet read.

“But Chief @geordinhl, this bailout thing you talk about does not exist. It only exists in your mind. Where is the evidence for this allegation. I do not know about this,” the tweet read.

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Government has plan for SAA employees: GordhanOver 2,000 workers at the struggling national carrier face retrenchment, after creditors approved the business rescue plan.
Source: eNCA - 🏆 49. / 51 Read more »

SAA Pilots Association rally behind airline ahead of restartSAA Pilots Association rally behind airline ahead of restart The South African Airways Pilots Association (SAAPA) has committed rallying behind the ailing state airline as it prepares for fresh restart after years of malfeasance.
Source: IOL - 🏆 46. / 51 Read more »

2 700 look set to lose jobs as SAA issues Section 189 letters to employeesThe embattled SAA has begun the process of axing hundreds of workers after it issued a section 189 letter to their employees.
Source: IOL - 🏆 46. / 51 Read more »

Government working on how to source funds for SAA business rescue: GordhanPublic enterprises minister Pravin Gordhan said on Sunday the funding government had committed for the business rescue plan for SAA was something that was still being worked on.
Source: SowetanLIVE - 🏆 13. / 63 Read more »

Mboweni’s tweet could endanger SAA business rescue proceedings | CitypressA late-night tweet from Finance Minister Tito Mboweni could spell trouble for plans to implement SAA’s rescue plan this week and end the stricken airline’s business rescue proceedings, writes Antoinette Slabbert
Source: City_Press - 🏆 7. / 72 Read more »

Government working on how to source funds for SAA business rescue: GordhanPublic enterprises minister Pravin Gordhan said on Sunday the funding government had committed for the business rescue plan for SAA was something that was still being worked on.
Source: TimesLIVE - 🏆 28. / 59 Read more »