Treasury is no closer to securing and providing South African Airways with the R2-billion it needs to keep it afloat. Speaking at the World Economic Forum, Finance Minister Tito Mboweni said Treasury is still working on securing the money.
Meanwhile, South African Airways said there’s no reason to panic. Spokesperson Tlali Tlali said flights are being consolidated to minimise financial loss.
“The position that we have adopted need to be understood in the context of our effort to avoid a situation where there’s a further deterioration of our financial position,” he said.
“When it is clear to us before the aircraft take off that it will be a loss-making flight we have to take steps where ever there are options at our disposal.
In other news – Lebo Husband’s Luxury Car Repossessed after failing to Pay Monthly Installments #RHOJ
Lebo ‘Jojo’ Gunguluza and her husband, whose name is also Lebo, are known for their lavish lifestyle, but a recent report had people questioning if all that glitters really is gold