August2007
30th Oct 2007, 13:42
Finance24
R744m SAA payout 'unforseen'
2007-10-30 14:45
Cape Town - Among the "unforeseeable and unavoidable" spending noted by Treasury halfway through the 2007/08 financial year is over R744m paid by the department of public enterprises to SA Airways. According to the 2007 Adjusted Estimates of National Expenditure, tabled by Finance Minister Trevor Manuel on Tuesday, the department paid the national carrier R744.4m for "costs associated with restructuring (R653m plus R91.4m VAT)".
This was the single largest instance of unavoidable spending of the total R3.8bn noted in the document.below is the page where I got the info. Any comments ?
http://www.24.com/news/?p=tsa&i=733862
R744m SAA payout 'unforseen'
2007-10-30 14:45
Cape Town - Among the "unforeseeable and unavoidable" spending noted by Treasury halfway through the 2007/08 financial year is over R744m paid by the department of public enterprises to SA Airways. According to the 2007 Adjusted Estimates of National Expenditure, tabled by Finance Minister Trevor Manuel on Tuesday, the department paid the national carrier R744.4m for "costs associated with restructuring (R653m plus R91.4m VAT)".
This was the single largest instance of unavoidable spending of the total R3.8bn noted in the document.below is the page where I got the info. Any comments ?
http://www.24.com/news/?p=tsa&i=733862