SAA's financial woes continue as government denies the national carrier's business rescuers a further R10-billion in funding. Courtesy #DStv403
JOHANNESBURG - Government has turned down a request from South African Airways’ business rescue practitioners for further funding of R10-billion.
Public Enterprises Minister Pravin Gordhan says government will not provide any extra funding for the business rescue.
SAA was placed under business rescue in December.
The practitioners are yet to publish their rescue plan.