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
Caller Julie says luxury train stuck in the middle of the Karoo...all day

Caller Julie says luxury train stuck in the middle of the Karoo...all day

Shosholoza Meyl Premier Classe Luxury Train stuck for hours and it doesn't look like it's going anywhere soon, says Julie.

Disabled riding school loses ConCourt battle and must find new pastures

Disabled riding school loses ConCourt battle and must find new pastures

SA Riding for the Disabled Association has to move premises after 35 years but have been awarded compensation.

Molefe still under a cloud so Cabinet post a no no - Corruption Watch

Molefe still under a cloud so Cabinet post a no no - Corruption Watch

Speculation is rife that Zuma plans to reshuffle Cabinet and prepare the way for Molefe to become a deputy minister or a minister.

MTN Nigeria shut down offices after protests

MTN Nigeria shut down offices after protests

Protests yesterday in Nigeria as a response to xenophobic sentiment within South Africa led to an attack on the MTN office there.

[Cartoon] Fat Chance

[Cartoon] Fat Chance

Dr Jack & Curtis take a humourous look at the 45% tax on the super rich announced during Pravin Gordhan's 2017 Budget speech.

[Cartoon] The Ambushing of Pravin

[Cartoon] The Ambushing of Pravin

In the week of Budget 2017, Dr Jack & Curtis take a look at the ministry that has attempted to evade capture by the Guptas.

Popular articles
Police shoot at crowd of immigrants with rubber bullets (arrests 136 people)

Police shoot at crowd of immigrants with rubber bullets (arrests 136 people)

"As we speak there’s another standoff in Sunnyside, " says EWN's Barry Bateman.

10 sexting tips on how to keep things spicy (and safe)

10 sexting tips on how to keep things spicy (and safe)

Interested in sexting but worried about the risks? Dr Eve has created a guideline to help you 'sext' in a fun and responsible way.

Vaal Dam about to reach 100% capacity

Vaal Dam about to reach 100% capacity

A few months ago the dam was only 27% full.

Letters show Moyane refuses to account to Gordhan, turns to Zuma to intervene

Letters show Moyane refuses to account to Gordhan, turns to Zuma to intervene

M&G reports that Sars Commissioner Tom Moyane declared an intergovernmental dispute against Finance Minister Pravin Gordhan.

Violence breaks out in Atteridgeville amid #XenoMarch

Violence breaks out in Atteridgeville amid #XenoMarch

Tensions are high in Atteridgeville as a group calling itself Mamelodi Concerned Residents prepares to march against immigrants.

Where is that corrupt bastard? - EFF MP to Brian Molefe

Where is that corrupt bastard? - EFF MP to Brian Molefe

Former Eskom CEO Brian Molefe was sworn in as a Member of Parliament replacing Abram Mudau this week.

New transfer cost threshold an unwise move - property expert

New transfer cost threshold an unwise move - property expert

What does the Finance Minister's announcement on transfer duty threshold really mean for home buyers?

'Engrish' never loved us: 30 words listeners struggle to pronounce

'Engrish' never loved us: 30 words listeners struggle to pronounce

Worcestershire or "Wooster" sauce? The Queen's language can be over-rated and hard to get right! Listeners chuckle at themselves.

Budget 2017 and tax: The good (there is some), the bad and the ugly

Budget 2017 and tax: The good (there is some), the bad and the ugly

The Money Show’s Bruce Whitfield interviews TaxTim cofounder Marc Sevitz.