Finance Minister Enoch Godongwana has allocated R1 billion to SAA in his Budget 2023, but this is not enough to settle all the airline's historic debt. Image: David Thomas
The company is on its way to acquiring, from the government, a 51% stake in the struggling national carrier.
"The Tribunal's approval is also an affirmation of our conviction that such competition can only come from a strong, competitive, financially-sustainable, and agile SAA, backed by a committed equity partner supporting it to grow and seize opportunities presented by the market at the moment."
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