Audio By Carbonatix
Local banks are continuing to drip-feed state-owned entities (SOEs) with credit to help keep them on their feet despite difficulty in holding them to repayment commitments.
SAA is in negotiations with a consortium of banks to access the R4bn it requires for working capital for the 2019/2020 financial year. Without this funding the airline will be unable to continue operations.
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DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
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