Cash-strapped SAA employees receive January salaries
The state carrier, which is in business rescue, is still waiting to see if the R2bn promised by the Treasury comes through
24 January 2020 - 13:03
January salaries at SAA have been paid, despite the company’s tense waiting game for the R2bn of funding it needs to continue operating.
Spokesperson for the business rescue practitioners Louise Brugman said on Friday: “The business rescue practitioners and management have taken various actions to ensure that cash is conserved. As a result we have sufficient funds to pay salaries.”..
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.