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Secret memo shows SAA to get R10bn from Telkom share sale

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Deputy President Cyril Ramaphosa. (Leon Sadiki, City Press)
Deputy President Cyril Ramaphosa. (Leon Sadiki, City Press)

Cape Town – Deputy President Cyril Ramaphosa sidestepped a question in Parliament on whether South African Airways (SAA) will receive a R10bn bailout from government.

The Democratic Alliance’s Alf Lees told Ramaphosa on Wednesday he has a “secret” document in his possession stating that Finance Minister Malusi Gigaba is planning to allocate R10bn to the embattled national carrier.

“I have in my possession a document, marked secret, saying that Finance Minister Malusi Gigaba is planning to give SAA a R10bn bailout, primarily by selling Telkom shares. Do you support the sale of a good asset to save a bad asset? And has Cabinet approved this move?” Lees asked.

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