SAA stomps on taxpayer
Wednesday, August 13th, 2008While SAA flounders on the back of its long-standing financial woes, the taxpayer has been subsidising each SAA plane ticket over the past five years to the tune of R500.
The total cost to the taxpayer in write-offs, bail-outs and guarantees is about R20-billion during this period, according to Gidon Novick, chief executive of Comair and Kulula.com. (more…)
