SAA rejects unsolicited offer to repatriate its funds in Zimbabwe
Airline has been unable to get the money due to a severe shortage of foreign currency
SAA has rejected an offer by Zimbabwean mining company Imani Mining to help repatriate R350m of its funds from the proceeds of ticket sales.
The airline’s interim CEO, Thomas Kgokolo, says SAA prefers negotiating with the government of Zimbabwe for “an undisclosed amount of the airline’s proceeds that are being held by the Reserve Bank of Zimbabwe — which it has not been able to access. ..