SAA business rescue comes to an end

File: A South African Airways (SAA) plane photographed in the sky. AFP/Bruce Bennett

JOHANNESBURG - South African Airways' (SAA) business rescue has come to an end.

The national carrier has been under business rescue for 17 months.

READ: SAA business rescue process to finish in March

It has now been handed back to the executives and the board.  Business Rescue Practitioners say R7.8 billion has been received from government.

The balance of the debt owed will be paid over the next three years

Source
eNCA

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