South African Airways gets another gov't bailout

South Africa’s National Treasury has granted another bailout of ZAR10.5 billion rand (USD638 million) to South African Airways (SA, Johannesburg O.R. Tambo) to allow the insolvent state-owned carrier to implement its business rescue plan. Delivering his Medium-Term Budget Policy Statement (MTBPS) to Parliament in Cape Town on October 28, 2020, Finance Minister Tito Mboweni said this allocation would be funded "through reductions to the baseline of national departments, public entities, and conditional grants". He said this funding was in...
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