Oct 28, 2020 SOURCE: AFP
SAA finally gets much-needed $638-million bailout
The government on Wednesday announced the release of 10.5 billion rand ($638 million) needed to fund a plan to rescue struggling, state-owned South African Airways.
The cash-strapped flag carrier was placed under a state-approved administration in December following years of mismanagement and rising debt.
In a mini budget statement on Wednesday,...
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