News Formal

Government working on how to source funds for SAA business rescue: Gordhan

  • 📰 SowetanLIVE
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Nigeria News News

Public enterprises minister Pravin Gordhan said on Sunday the funding government had committed for the business rescue plan for SAA was something that was still being worked on.

On Wednesday, the department of public enterprises released a statement in which it said it welcomed the commitment by the National Treasury that the government would support and source funding for the business rescue plan.

and answering a question on where exactly this money will come from, Gordhan said: “The more precise terminology that we actually utilised is that we will mobilise funding.”“This is money which is required over a period of time. What government has committed to is to mobilise funding.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Government working on how to source funds for SAA business rescue: GordhanPublic enterprises minister Pravin Gordhan said on Sunday the funding government had committed for the business rescue plan for SAA was something that was still being worked on.
Source: TimesLIVE - 🏆 28. / 59 Read more »

Mboweni’s tweet could endanger SAA business rescue proceedings | CitypressA late-night tweet from Finance Minister Tito Mboweni could spell trouble for plans to implement SAA’s rescue plan this week and end the stricken airline’s business rescue proceedings, writes Antoinette Slabbert
Source: City_Press - 🏆 7. / 72 Read more »