logo

SAA business rescue plan: What funding options are available?

In a case filed by South Africa’s opposition party, Finance minister Tito Mboweni has denied that government will use state funds to rescue South African Airways. Furthermore, the preconditions needed for the rescue plan to be implemented needs to be approved by all parties by midnight today and if there is no acceptance a further amendment of the plan will take place on Friday. George Nell, Senior Business Rescue Practitioner at Corporate Business Rescue joins CNBC Africa for more.


Wed Jul 22 2020 | 11:19:55 GMT+0000 (Coordinated Universal Time)

Share

Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent. Sign up here.

RELATED