SAA advises employees of ‘intense talks’ with the government
The embattled state-owned airline needs to secure R2bn in working capital urgently if it is to continue trading
29 November 2019 - 18:35
SAA has told employees in a notice issued earlier on Friday that it is in “intense discussions” with the government over the airline’s financial position, but that it is unable to update them at this point.
The state-owned airline needs to secure R2bn in working capital urgently if it is to continue trading or will face the prospect of business rescue or liquidation. It has, however, released payments to staff for the remaining 50% of their November salaries, which had been delayed...
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