Post by cjm on Sept 10, 2016 9:18:38 GMT
www.enca.com/south-africa/treasury-bails-out-saa
JOHANNESBURG – Treasury has approved a R5-billion guarantee to the new board of South African Airways (SAA).
Finance Minister Pravin Gordhan met the new board of the embattled national airline for the first time on Friday.
He stressed that it will not be business as usual. There are strict conditions associated with the financial guarantee.
SAA chairperson Dudu Miyeni led her new board into their first meeting with Treasury.
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