SAA gets emergency funding from development bank

of emergency funding from the Development Bank of Southern Africa, the airline's business rescue practitioners said on Tuesday.

SAA is fighting for its survival after it entered a form of bankruptcy protection in December and cancelled some flights because of cash shortages. "We can confirm that the Development Bank of Southern Africa has committed 3.5 billion rand in funding to the SAA Practitioners, with an immediate draw down of 2 billion rand," said the team overseeing SAA's bankruptcy protected restructuring.

Lizelle_becca

April they will need some more.

It’s the SA gvt that made the loan they own the bank.

The bougouzie get funders everyday, funding SAA is like giving subsidy to a rich person to maintain his or her lifestyle.

Hamba kahle SAA😢😢uze usikhumbule🙊🙊

Workers will immediately demand 15% increase from the 3.5 billion

SAA and Eskom are more in debt than their market value...

Did this Development Bank just buy SAA?

Well! Arize2hopeCharity Facebook Instagram LivesOverKnives EnoughIzEnough Bristol UK JoinUs LetsMakeAchange Arize2hope.co.uk

VusiSambo Oh gawd, brace yourself for more profligacy. Pretty soon theyll want more

If all we can get funders easily as SAA🤔

We thank the Lord

They should just buy SAA.

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