EXCLUSIVE: SAA faces liquidation as funding is held up
Lenders came through with their R2bn, but the Treasury needs to sell assets to fund its side of the deal
15 January 2020 - 18:18
SAA is again in a perilous situation after the R2bn it was promised by the Treasury to fund the business-rescue process failed to materialise.
Without this funding the national airline could be forced to suspend flights by January 19, and could go into liquidation, which involves selling its assets to pay creditors...
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