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Business Maverick: Development Bank gives SAA wingsSAA 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 be coughed up before the airline becomes sustainable?
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK: Ziegler SA goes after SA Express board members in their personal capacityThe global logistics company, which wants SA Express to be placed under business rescue — through a court order — because it is technically insolvent, added a new twist to its battle against the state-owned airline: Ziegler SA wants the airline’s 12-member board to pay legal fees out of their pockets for opposing its urgent application.
Source: dailymaverick - 🏆 3. / 84 Read more »