File: SAA was placed under a state-approved rescue plan to avoid the embattled airline's collapse following a costly week-long strike last month.
"The Board of SAA has adopted a resolution to place the company into business rescue," said a statement by Public Enterprises Minister Pravin Gordhan, adding that the decision was also supported by the government.
"It must be clear that this is not a bailout," said Gordhan. "This is the provision of financial assistance in order to facilitate a radical restructure of the airline."
SAA, which has not made a profit since 2011 and is dependent on government bailouts to remain solvent, suffered a crippling strike last month that forced the carrier to cancel hundreds of flights and pushed it to the brink of collapse.
Here is a brief history of the airline and details about its operations.
- Additional reporting AFP