Finance Minister Tito Mboweni has said in court papers that he has taken no decision to use emergency powers to avail money from the National Reserves Fund to South African Airways (SAA) to bankroll its business rescue plan. Mboweni, in an affidavit submitted in response to an urgent court application by the opposition, further stressed that he had not committed National Treasury to dipping into the state's coffers to find R10.1-billion urgently needed by the airline. Instead, the commitment was to mobilise funding from other sources, or using other mechanisms.
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