Treasury to “assist” SAA

Citibank has cancelled a R250 million (€13 million) loan facility to South African Airways. This decision could have dire consequences for the airline and could stand in the way of SAA re-establishing it’s going concern, according to economists. 

Treasury has said it will “assist” SAA in maintaining liquidity, although it is not clear in what way this assistance will take place. Read More

Source: Tourism Update