Carol Paton Editor at Large

The ministers of public enterprises and finance have provided a letter of commitment to the business rescue practitioners of SAA “to mobilise funding for the short-, medium- and long-term requirements to create a viable and sustainable national airline”, it was announced on Thursday.

The letter of commitment to fund the restart of SAA and to cover various costs including the retrenchment packages for employees was required by Wednesday as a condition of the business rescue plan adopted by creditors on Tuesday.

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 exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now