No time to ponder huge loan to SAA
DBSA took just 5 days to commit taxpayers' R3.5bn to bust airline
Development Bank of Southern Africa (DBSA) deputy chair Mark Swilling says its controversial decision to give bankrupt South African Airways (SAA) a R3.5bn loan was taken in five days without following the bank's normal due diligence processes.
"As everyone knows we were faced with a crisis. When you're faced with a crisis you can't go through your normal due diligence over several months before you make a decision," he says.