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Finance Minister Tito Mboweni has asked his nearly 1 million Twitter followers if SA really needs a national airline.
This comes about a month after SAA was granted R10.5 billion in additional funding to allow it to continue its business rescue process.
At the time, he argued that this was not a bailout of the conflicting state airline, but was necessary to meet existing obligations.
“Good. Do we need a national airline? Maybe that’s the question? Is it?” he tweeted Sunday night.
OK. Do we need a national airline? Maybe that’s the question? It is?
– Tito Mboweni (@tito_mboweni) November 22, 2020
The minister also criticized rating agencies Fitch and Moody’s, without naming them, for Friday’s downgrade of SA’s sovereign credit rating, saying “civilized people” abide by the Queensbury rule in business, sports and politics. , which does not “keep hitting someone who is on their knees”.
“The rating agencies should treat us the same way,” he said.
There is something called the Queensbury rule. You don’t keep hitting someone on their knees. You do not. It is the rule. Civilized people abide by that Rule in business, sports, and politics. The rating agencies should treat us in the same way. During a global crisis!
– Tito Mboweni (@tito_mboweni) November 22, 2020
In the last of the seven tweets, the minister said that political certainty was essential for the South African economy to grow.
I don’t know how to explain this anymore. Let me try. Economic agents: investors, companies, consumers, buyers and sellers of goods, farmers, market, etc., need political certainty. FUNDAMENTAL. I invest because I will harvest in X years in the forward market. TRUST!!
– Tito Mboweni (@tito_mboweni) November 22, 2020
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