SAA to get R3.5 bln emergency funding from Development Bank - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

“We can confirm that the Development Bank of Southern Africa has committed R3.5 billion in funding to the SAA practitioners, with an immediate draw down of R2 billion,” said the team overseeing SAA’s bankruptcy protected restructuring.

We can not allow SAA to fail and bailout is much appreciated. Again SOE are the wheels of SA Economy but bailout need to come with accountability. SAA need to have a crystal strategic plan on how will sustain itself, we need an accountable Board, Executive and Management.

Wow thank you we won't see any retrenchment happening there...

How many billions do they get in bailouts in a year?

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Magashule against privatisation of Eskom - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.%ANC Secretary-General, Ace Magashule has reiterated that the party should take a position against the privatisation of Eskom.%% Why.. No money left not even pocket change for any one..just privatise That would be like taking his cheque book from him. What is his discernible plan...?
Source: SABC News Online - 🏆 32. / 51 Read more »