Public Enterprises Department given seven days to finalise funding for SAA – SABC News

They say they have exhausted funds to keep the airline afloat.

Unions picket outside SAA headquarters:

One of them, Siviwe Dongwana, says timelines for the funding will soon be determined after which they will engage with government on securing the money.

“We have since received further communication from government with the support of the National Treasury that indicates that there is a clear government commitment to provide funding to SAA to the tune of R10.5-billion.”

In the video below, SAA board members must face criminal charges:

The Business Rescue Practitioners took control of SAA in December last year after almost a decade of financial losses. They published a restructuring plan in June. But the money required for it to work has not materialised since the airline’s creditors approved it in July.

The department has confirmed that it is finalising funding for the airline and an announcement will be made in an Adjustments Appropriation Bill that would be introduced to Parliament soon.

In the video below, Unions picketed outside SAA headquarters on Friday: