color:#343A40'>SAA and SA Express will not receive any more bailouts according to National Treasury’s planned SOE reforms, published on Friday (July 3).
color:#343A40'>A slide in a presentation titled ‘Supplementary Budget 2020: Response to Public Submissions’ says: “No further action required in terms of bailouts except to settle guaranteed debt as entity is insolvent and BRPs have not released turnaround plans.”
color:#343A40'>Treasury presented to the Standing Committee on Finance and Select Committee on Finance at a joint virtual meeting held Friday (July 3) where Edgar Sishi, Deputy DG of National Treasury, said that spending proposed in the supplementary budget presented an unprecedented situation.
color:#343A40'>“Government cannot afford to spend anymore because the room for additional spending is limited. Higher government spending does not translate to higher growth or revenues.”