Mini budget: Mboweni gives more cash to SAA
“R10.5 billion is allocated to SAA to implement its business rescue plan,” Finance Minister Tito Mboweni announced during his mini budget on Wednesday.
The current cash injection into SAA is in addition to the R16.4 billion allocated in the Medium-Term Expenditure Framework in February.
“R10.5 billion is allocated to SAA to implement its business rescue plan,” Finance Minister Tito Mboweni announced during his mini budget on Wednesday.
“This allocation is funded through reductions to the baselines of national departments, public entities and conditional grants.
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“This allocation is in addition to the R16.4 billion allocated over the 2020 MTEF in the February budget for settling guaranteed debt and interest.”
Mboweni has further emphasised that funding for state owned enterprises should “come from within the current framework and reprioritized elsewhere."
“Our approach is in line with the principle that funding to state-owned companies must come from within the current framework and reprioritized from elsewhere.
“We cannot break the fiscal framework,” he added.
