The Public Enterprises Department has confirmed reports that national treasury will soon give South African Airways (SAA) a guarantee to enable it to approach lenders to get two-billion-rand of what it describes as post commencement finance.
Communications Minister Stella Ndabeni-Abrahams is on Friday expected to brief the media on the SABC’s funding allocation from the National Treasury.
SABC board chairperson Bongumusa Makhathini says the bailout it has been seeking from government will help it realise the SABC’s strategic goals.
National Treasury says South Africa has successfully placed five billion US dollars worth of bonds in international capital markets.
The National Treasury says it will take some years for the South African Revenue Service (Sars) to be able to collect revenue to its full potential.