Government denies SAA further funds

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.

READ: COVID-19: SAA to bring South Africans stuck abroad home

SAA was placed under business rescue in December.

The practitioners are yet to publish their rescue plan.

Source
eNCA