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South Africa: Development Bank Gives SAA Wings
Daily Maverick, 28 January 2020
SAA has burnt through R2bn of funding in less than 60 days. Instead of the agreed-upon R2bn, R3.5bn has been secured to keep SAA in the air. One wonders how much more will have to… Read more »
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South Africa: SAA - Tito Mboweni's R2 Billion Game of Financial Chicken
Daily Maverick, 21 January 2020
The finance minister declared in August 2019 that he wants to debate economic policy. It seems, however, impossible to get an answer on why the single shareholder in the Government… Read more »
Development Bank Gives South African Airliner Emergency Funding
South African Airways has burnt through R2 billion of funding in less than 60 days, writes Daily Maverick's Sasha Planting. Instead of the agreed-upon U.S.$137 million, U.S.$239 million has been secured to keep the struggling airliner in operation, funded by the Development Bank of SA.
A South African Airways Airbus landing at Munich Airport (file photo).
InFocus
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The government has no plans to retrench staff at struggling state-owned enterprises despite referring to substantial restructuring, the African National Congress's economic ... Read more »
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The Public Enterprises Ministry has said in a statement that it is working with South African Airways (SAA) to enable the embattled state-owned enterprise to carry on its business. ... Read more »
