Public enterprises minister Pravin Gordhan has tossed the SAA problem to finance minister Tito Mboweni, who has been asked to commit the cash-strapped government by Wednesday to finding more than R10bn to fund a restructured national airline.

This comes after creditors on Tuesday voted overwhelmingly in support of a business rescue plan that has been seven months in the making. The plan envisages a restructured carrier that will fly most of the domestic, regional and international routes it has previously operated, but with a lower cost structure and much reduced staff numbers...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now