A South African airways flight taking off. AFP PHOTO
South Africa’s state carrier SAA requires a $399 million
(about Sh40 billion) cash injection in the current financial year to
help it meet its financial obligations, a senior treasury official said
on Tuesday.
National Treasury director-general
Dondo Mogajane told parliament the cash injection could however not come
from government, which has so far pumped 20 billion rand into the firm.
Mogajane said treasury was willing to consider selling a stake in the airliner to a private equity partner.
Key CBK Indicative Exchange Rates Used: $1 = Sh100.46
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