Business rescue

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Government rejects SAA 10bn request

 Government has denied South African Airways(SAA)  a further R10 billion in funding for the business rescue process. Public Enterprises Minister Pravin Gordhan has made it clear that government does not have the money to support SAA’s request. In a letter to SAA, Gordhan said government would not support the extension of the foreign currency borrowing limit to permit foreign financing of the business rescue plan. The national carrier was placed […]

todayApril 15, 2020 18