Development Bank comes to SAA’s rescue with R3.5bn loan
The loan will enable SAA to continue running, while business rescue practitioners prepare to restructure the company
28 January 2020 - 14:26
UPDATED 28 January 2020 - 23:42
SAA has secured a R3.5bn loan from the Development Bank of Southern Africa (DBSA), bringing to an end a frantic month-long search for funding.
The loan will enable SAA to continue running, while business rescue practitioners prepare to restructure the company into what is hoped will be a sustainable business.
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