Another SAA bailout? Tell us what you think

0:00
play article
Subscribers can listen to this article
National carrier SAA will get R10.5 billion from the fiscus to fund its business rescue process, which started back in December 2019.
National carrier SAA will get R10.5 billion from the fiscus to fund its business rescue process, which started back in December 2019.

Finance Minister Tito Mboweni on Wednesday tabled the medium-term budget policy statement in Parliament. 

According to his statement, National Treasury expects SA gross debt to increase to R5.5 trillion 2023/4 as the country borrows to fund its budget expenditure. The economy, meanwhile, is expected to contract by -7.8% in 2020 due to the Covid-19 pandemic.

Government has also had to make adjustments to account for a R10.5 bailout to SAA and President Cyril Ramaphosa's employment stimulus plan.

Mboweni described this budget as particularly challenging.

What do you think about the financial priorities and challenges laid out in his address? Do you agree with the finance minister's stance?

Tell us what you think in the comments section below. 

* To be able to read and post comments, become a News24 subscriber here.

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For only R75 per month, you have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.
Subscribe to News24
ZAR/USD
15.25
(-0.09)
ZAR/GBP
20.29
(-0.13)
ZAR/EUR
18.23
(-0.10)
ZAR/AUD
11.25
(-0.23)
ZAR/JPY
0.15
(-0.04)
Gold
1787.51
(+0.09)
Silver
22.67
(+0.11)
Platinum
965.22
(+0.30)
Brent Crude
48.27
(+0.96)
Palladium
2413.01
(+0.60)
All Share
57822.50
(-0.17)
Top 40
53021.58
(-0.12)
Financial 15
11577.71
(-0.58)
Industrial 25
79894.95
(-0.12)
Resource 10
52804.55
(+0.03)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, and I've gotten it.
22% - 348 votes
No, I did not.
51% - 821 votes
My landlord refused
28% - 448 votes
Vote