SAA says R16-billion is for debt consolidation

South African Airways (SAA) published a notice in the newspaper asking for R16 billion finance proposals. This comes amid claims that SAA is running out of money and needs another government backed guarantee.

The Midday report's Stephen Grootes asked SAA spokesperson Tlali Tlali what the money was for.

There is a difference between government backed requirements on the one hand, and debt consolidation requirements on the other.

Tlali Tlali, SAA spokesperson

He describes these as "two separate, distinct, yet not completely unrelated processes.".

SAA has applied for a R4.7-billion government guarantee that Tlali says should enable the company to finalise it's 2014/15 annual financial statements.

The RFP referred to in the newspaper notice of R16-billion, is for debt consolidation, he explains.

He says the issue of Hong Kong threatening to dump the airline is being given full attention.

Listen to the full interview below:

Read More
Cape Town's own water saving song

Cape Town's own water saving song

Someone's finally put Cape Town's water crisis to music. Take a listen and tell us if it's got flow or is it as dry as our dams?

[Video] Remembering women maimed and murdered

[Video] Remembering women maimed and murdered

In Parliament, JJ Jefferies read out a chilling list of women and girls, victims of abuse and violence by men in 2017.

[Watch] DA MP lambastes Eskom board

[Watch] DA MP lambastes Eskom board

DA MP and shadow minister of public enterprises Natashe Mazzone says the nation is being lied to.

Uganda shines again as tourist destination

Uganda shines again as tourist destination

Uganda is emerging from decades of political turmoil and attracting backpackers to this once popular destination.

[Cartoon] Can Trump bring enlightenment to the Middle East?

[Cartoon] Can Trump bring enlightenment to the Middle East?

EWN's Dr Jack and Curtis take a satirical look at US President Donald Trump's first visit to the Middle East.

Roger Moore has died, age 89

Roger Moore has died, age 89

Listen to Roger Moore opening up to CapeTalk's Melanie Verwoerd about his life, acting and being James Bond.

Popular articles
Last chance for Spur's 2-for-1 burger special this Monday

Last chance for Spur's 2-for-1 burger special this Monday

Monday (March 27) is your last chance to sink your teeth into the popular burger special which Spur will discontinue from April.

Budget 2017: DA hoped for spending cuts, not tax increases

Budget 2017: DA hoped for spending cuts, not tax increases

The DA believes that raising taxes is not the answer to South Africa's economic woes and propose more cost-cutting for government.

Meet self-made millionaire (net worth – R400m!) property mogul Sisa Ngebulana

Meet self-made millionaire (net worth – R400m!) property mogul Sisa Ngebulana

How did Ngebulana build his empire? The Money Show’s Bruce Whitfield interviewed him for his weekly “ShapeShifter” feature.

How Naspers paid peanuts for Tencent (China’s most valuable company)

How Naspers paid peanuts for Tencent (China’s most valuable company)

In 2001 Naspers invested $32 million in (then tiny) Tencent. Learn more about the wildly profitable Chinese behemoth...

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

The EFF lawyer stole the show during the state capture report court battle.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?

5 reasons why the tourism industry is sceptical about the latest numbers

5 reasons why the tourism industry is sceptical about the latest numbers

The tourism industry is questioning the veracity of the surprisingly upbeat tourism figures and the timing of their release.