SAA recovering some of the R1 billion in funds blocked in Zimbabwe, Nigeria | Business

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South African Airways is in the process of trying to recover about R1.1 billion in blocked funds that it has been unable to extract from Zimbabwe and Nigeria, with the help of the International Air Transport Association. | Cartjoff News24_Business

The money still blocked in Zimbabwe is being recovered in small installments in the interim while the airline is trying to find a better solution.South African Airways is in the process of trying to recover about R1.1 billion in blocked funds that it has been unable to extract from Zimbabwe and Nigeria, with the help of the International Air Transport Association .

The state-owned airline's blocked funds in Zimbabwe amount to about US$60 million . In Nigeria, it is owed roughly US$5 million .Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.

 

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Cartjoff _Business 🤣🤣 good luck with that one, your brothers learnt from you lot.

Cartjoff _Business Comrades eager to chow that money! AncIsCorrupt

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