South African Airways (SA, Johannesburg O.R. Tambo) is debt-free and does not seek further government funding, but it is pursuing a loan facility due to low cash reserves following the failed ZAR3 billion rand (USD170.4 million) investment from the Takatso Aviation consortium, according to chairman Derek Hanekom.
Briefing the Standing Committee on Public Accounts (SCOPA) in parliament on October 22, Hanekom said that in the longer term “it would seriously assist if there were some form of capital injection,” which, he added,…
Source: ch aviation
Read more: South African Airways to need cash injection in the longterm