Soweto - The bailout of South African Airways (SAA) is fiscally neutral, with no effect on the fiscal framework, according to Finance Minister Malusi Gigaba.

He was speaking at the launch of the 2017 tax season on Monday. Gigaba responded to a question about where the funding for the R2.2bn would come from.

Over the weekend Treasury announced SAA received the bailout to help avoid a default of its loan from Standard Chartered Bank, Fin24 reported.