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The embattled airline was allocated R10.5 billion last year forbusinessrescue.

The Minister stated that no further contributions will be made to the state-owned entity.

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Gordhan stated that there is a parallel process taking place with a strategic equity partner.

SAA was grounded since last year.

Previously,Briefly.co.zareported thatR200 million was spent on SAA while employees remained unpaid.

Pravin Gordhan: State will no longer fund embattled SAA

Minister Pravin Gordhan said that no further contributions will be made towards SAA. Image: Waldo Swiegers / BloombergSource: Getty Images

A bunch of unnamed consultants also received R97.3 million.

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Source: Briefly News

Reeshni ChettyReeshni Chetty is a senior current affairs reporter.

Reeshni has a passion for breaking the stigma surrounding mental health issues.