With about two weeks to go before the medium term budget policy speech, Finance Minister Tito Mboweni — otherwise known as Twitter’s Glenryck Pilchards’ chief influencer — is probably sitting on the worst kept secret: the government will once again issue a cash bailout for SAA.
Although there is nothing fundamentally wrong with giving a bailout to a state-owned entity, SAA has shown time and time again to be a bad investment.
And the allocation will come at a time when the country is being urged to stop expenditure that will not contribute directly to the cause of reviving our Covid-ravaged economy.
There’s a lot more to this story.
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