SAA, the ailing national carrier which has been grounded for the better part of 2020 due to Covid-19, has received nearly 15% of the R10.5bn it was allocated in the medium-term budget policy statement, but the advance comes with stringent conditions, which the business rescue practitioners say contravene the law.

The R1.5bn was an advance on the R10.5bn signed off by the Treasury in the medium-term budget policy statement in October for SAA’s business rescue plan...

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