SAA asks for another bail-out

After failing to submit its annual report to parliament by the Tuesday deadline, South African Airways (SAA) is again seeking government support, two years after it was granted R5 billion in loan guarantees. Eighty years after its creation, loss-making state-owned SAA is battling with an ageing fleet and a weak national currency. Air traffic across the continent is soaring and while SAA has tried to build from its traditional European routes, it has had with mixed success. Public Enterprises Minister Lynne Brown did not disclose the figure asked for by SAA.

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