“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?
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