SAA needs R2.4 billion in working capital to see it through until March 2018

EWN parliamentary correspondent, Gaye Davis says it has been confirmed that an undisclosed amount is being readied to be handed over to South African Airways (SAA).

She says according to Director General of the National Treasury, Dondo Mogajane, they are planning to bring a special appropriation bill, with an amount close to R10 billion to help SAA meet a debt that matures at the end of September 2017.

We also learned SAA needs R2.4 billion in working capital to see it through until the end of March 2018.

Gaye Davis, EWN parliamentary correspondent

702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Comair profits up 54% (marking 71 profitable years in a row, no bailout needed)

Comair profits up 54% (marking 71 profitable years in a row, no bailout needed)

The Money Show’s Bruce Whitfield interviews Comair CEO Erik Venter.

Sikonathi Mantshantsha wonders why Dudu Myeni seems untouchable

Sikonathi Mantshantsha wonders why Dudu Myeni seems untouchable

The controversial SAA board chair is staying on despite the parastatal becoming increasingly cash strapped under her watch.

President Zuma can expect a DA grilling on SAA and Mduduzi Manana

President Zuma can expect a DA grilling on SAA and Mduduzi Manana

President Zuma will be making an appearance in Parliament on Thursday and is expected to answer to opposition parties.

Government considering merger between SAA, SA Express and Mango

Government considering merger between SAA, SA Express and Mango

Public Enterprises Minister Lynne Brown says ideally a 25% shareholder is needed to provide management and financial assistance.

"SAA operates well despite financial problems"

"SAA operates well despite financial problems"

Linden Birns of Plane Talking says that SAA is still a well run, professional airline.

Economist Lumkile Mondi says SAA must be privatised, Vavi disagrees

Economist Lumkile Mondi says SAA must be privatised, Vavi disagrees

Wits Economics lecturer Lumkile Mondi says troubled state-run airline SAA should be privatised, but Zwelinzima Vavi doesn't agree.

Gigaba denies selling Telkom shares to fund ailing SAA is a done deal

Gigaba denies selling Telkom shares to fund ailing SAA is a done deal

EWN Reporter, Barry Bateman says Finance Minster Malusi Gigaba is adamant that nothing had been finalised for SAA bailout.

Govt considers sale of stake in Telkom to bailout SAA

Govt considers sale of stake in Telkom to bailout SAA

DA Shadow Deputy Minister of Finance Alf Lees exposed the plans in Parliament and says SAA's debt is becoming the taxpayers debt.

SAA could receive another R10billion cash injection from govt

SAA could receive another R10billion cash injection from govt

Scopa chair Themba Godi and transport economist Dr Joachim Vermooten weigh in on SAA's debt woes.

Parliament expresses concern over SAA's enormous debt

Parliament expresses concern over SAA's enormous debt

EWN Reporter Gaye Davis reports on the interrogation of the irregular, fruitless and wasteful expenditure racked up SAA.

Popular articles
So what exactly is radical economic transformation?

So what exactly is radical economic transformation?

Wits associate professor of economics Christopher Malikane speaks to Azania Mosaka about the term that is being bandied about.

Shop 'til you drop: The top 'Black Friday' deals this week

Shop 'til you drop: The top 'Black Friday' deals this week

Start your Christmas shopping off with a bang at these major retailers offering some impressive discounted sales for Black Friday.

Pamela Nomvete on her downfalls as actress, and 'climbing back'

Pamela Nomvete on her downfalls as actress, and 'climbing back'

This week Xolani Gwala's speaks to former Generations actor Pamela Nomvete for #WhatInTheWorldHappenedTo 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...

Police hunt man who doled out drug-laced sweets to school kids

Police hunt man who doled out drug-laced sweets to school kids

60 children from three schools in south of Johannesburg were rushed to hospital after eating sweets handed out by a stranger.

'The university degree is dead'

'The university degree is dead'

Flux Trends founder Dion Chang gives five reasons why he believes getting a degree is past its sell by date.

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?