Mboweni talks about troubled state-owned companies and stops bailouts

Mboweni talks about troubled state-owned companies and stops bailouts
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While South African Airways (SAA) will get R4.3 billion this year and Eskom more than R31 billion, this was money that was allocated in previous budgets and cannot be classified as new bailouts.

Finance Minister Tito Mboweni delivers his budget speech in Parliament on February 24, 2021. Image: GCIS.

CAPE TOWN – Finance Minister Tito Mboweni gave the talk about his promise to stop bailouts for state entities (SOEs).

In its 2021 budget presented on Wednesday, the conflicting Land Bank was the only state-owned company to get a financial lifeline, amounting to R7 billion over the …

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