Mango’s financial difficulties multiply
It is anticipated that it will receive R819m from the treasury in July after the passing of the Special Appropriation Bill in parliament
02 June 2021 - 13:30
SAA’s low-cost subsidiary Mango has been tied into “exploitative” lease arrangements by previous management, which will cost it heavily, public enterprises minister Pravin Gordhan told MPs on Wednesday.
Mango is operating at a loss, flying only a few flights a day. It is anticipated that it will receive R819m from the Treasury in July after the passing of the Special Appropriation Bill in parliament...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.