20°C / 22°C
  • Sat
  • 18°C
  • 12°C
  • Sun
  • 22°C
  • 12°C
  • Mon
  • 20°C
  • 15°C
  • Tue
  • 17°C
  • 14°C
  • Wed
  • 20°C
  • 12°C
  • Thu
  • 26°C
  • 11°C
  • Sat
  • 24°C
  • 17°C
  • Sun
  • 23°C
  • 16°C
  • Mon
  • 27°C
  • 15°C
  • Tue
  • 26°C
  • 15°C
  • Wed
  • 24°C
  • 15°C
  • Thu
  • 26°C
  • 17°C
  • Sat
  • 19°C
  • 13°C
  • Sun
  • 23°C
  • 14°C
  • Mon
  • 19°C
  • 16°C
  • Tue
  • 19°C
  • 15°C
  • Wed
  • 21°C
  • 15°C
  • Thu
  • 26°C
  • 14°C
  • Sat
  • 21°C
  • 12°C
  • Sun
  • 24°C
  • 12°C
  • Mon
  • 22°C
  • 15°C
  • Tue
  • 19°C
  • 14°C
  • Wed
  • 24°C
  • 14°C
  • Thu
  • 27°C
  • 13°C
  • Sat
  • 26°C
  • 18°C
  • Sun
  • 22°C
  • 18°C
  • Mon
  • 21°C
  • 18°C
  • Tue
  • 24°C
  • 19°C
  • Wed
  • 23°C
  • 18°C
  • Thu
  • 22°C
  • 18°C
  • Sat
  • 21°C
  • 18°C
  • Sun
  • 20°C
  • 17°C
  • Mon
  • 21°C
  • 17°C
  • Tue
  • 22°C
  • 15°C
  • Wed
  • 22°C
  • 18°C
  • Thu
  • 22°C
  • 17°C
  • Sat
  • 32°C
  • 14°C
  • Sun
  • 30°C
  • 15°C
  • Mon
  • 32°C
  • 15°C
  • Tue
  • 31°C
  • 16°C
  • Wed
  • 28°C
  • 17°C
  • Thu
  • 30°C
  • 16°C
  • Sat
  • 25°C
  • 16°C
  • Sun
  • 23°C
  • 16°C
  • Mon
  • 26°C
  • 15°C
  • Tue
  • 26°C
  • 16°C
  • Wed
  • 24°C
  • 17°C
  • Thu
  • 26°C
  • 17°C
  • Sat
  • 20°C
  • 15°C
  • Sun
  • 23°C
  • 16°C
  • Mon
  • 22°C
  • 17°C
  • Tue
  • 19°C
  • 16°C
  • Wed
  • 24°C
  • 15°C
  • Thu
  • 29°C
  • 13°C
  • Sat
  • 26°C
  • 12°C
  • Sun
  • 26°C
  • 14°C
  • Mon
  • 28°C
  • 15°C
  • Tue
  • 22°C
  • 14°C
  • Wed
  • 23°C
  • 14°C
  • Thu
  • 22°C
  • 12°C
  • Sat
  • 28°C
  • 16°C
  • Sun
  • 22°C
  • 16°C
  • Mon
  • 19°C
  • 15°C
  • Tue
  • 18°C
  • 15°C
  • Wed
  • 20°C
  • 16°C
  • Thu
  • 29°C
  • 15°C
  • Sat
  • 21°C
  • 16°C
  • Sun
  • 19°C
  • 15°C
  • Mon
  • 21°C
  • 14°C
  • Tue
  • 22°C
  • 13°C
  • Wed
  • 23°C
  • 17°C
  • Thu
  • 22°C
  • 16°C

SAA cash injection imminent but says it needs more

SAA has debt of about R12.7 billion, consisting of R9.2 billion of legacy debt and a R3.5 billion working capital facility provided by banks.

Picture: South African Airways

CAPE TOWN - South African Airways (SAA) says a government cash injection of R5.5 billion ($376 million) approved for the 2019/20 financial year is expected at the end of the month but it still needs more money, a presentation to lawmakers showed on Wednesday.

SAA has debt of about R12.7 billion, consisting of R9.2 billion of legacy debt and a R3.5 billion working capital facility provided by banks.

“SAA requires R2 billion to fund working capital in FY 2019/20 by December 2019,” the presentation said.

Comments

EWN welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

- Racism (including offensive comments based on ethnicity and nationality)
- Sexism
- Homophobia
- Religious intolerance
- Cyber bullying
- Hate speech
- Derogatory language
- Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the EWN community a safe and welcoming space for all.

EWN reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

EWN is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

comments powered by Disqus