South African Airways has been given the funds needed to restructure the airline as part of the government’s efforts to help state-owned entities. Finance Minister Tito Mboweni made the announcement while delivering his Medium-Term Budget Policy Statement in Parliament. R10.5 billion was allocated to SAA to implement its business rescue plan.

Published on


Add Smile FM on Google

Latest articles

City rolls out chatbot to help home renovators check if they need building approvals

 Cape Town residents planning home renovations, a new braai, a swimming pool, a carport or even a new flat can now use a City...

Metro Police catch drunk driver sleeping on N2

 A driver allegedly found fast asleep behind the wheel on the N2 in Cape Town has been arrested for driving under the influence of...

Professor honoured with the prestigious Royal Society Africa Prize

  A South African professor has been honoured with the prestigious Royal Society Africa Prize of the United Kingdom's Royal Society. He's Prof Clive Gray,...