Big SAA lie: R1 billion guarantee after ANC government promised it would never happen again

• The government has provided a R1 billion guarantee to South African Airways (SAA), contradicting previous claims that the airline would not receive further assistance.
• SAA has received R50.7 billion in direct government funding from 2007 to 2022, and an additional R16.4 billion was allocated in 2020 to repay government-guaranteed debt.
• The government's promise to never bail out failing SOEs has been broken, with the latest R1 billion guarantee adding to the R308 billion already spent on bailouts since 2007.