The Development Bank of Southern Africa has committed R3.5-billion in funding to SAA to allow the national carrier to continue operating. Additional funding will be sourced at a later stage. The cash-strapped airline was placed into voluntary business rescue late last year.
Government has spent about R16.5-billion in bailouts to keep saving SAA in the air over the past decade. Liquidity has been a major concern at the airline. SAA’s sister airline, SA Express is also facing trouble.
In other news – Fans approve of Zahara’s new look
Zahara’s looking 50 shades of fine and fans couldn’t help but drool. The gorgeous songstress revealed to the world that she was suffering under her fame and a fake smile that was on her face – even with all her success, she never felt fulfilled.
Zahara’s got the spring back in her step and some. Sis be serving all kinds of independent slay queen vibes. Read more
Source: eNCA
