SA Airways will get an additional R3.5bn from the government, says the Treasury, due to an increase in the cost of the business rescue plan, which will settle outstanding obligations and fund the restart of operations.
In the October medium-term budget policy statement, SAA was allocated R10.5bn to fully fund the rescue plan. At the time, minister of public enterprises Pravin Gordhan said it was the last time the airline would need financial support from the fiscus...A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.
What the actual fuck?
The troughs always need topping up.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.