SAA administrators gets R1.3bn from government
Administrators at national airline South African Airways (SAA) received R1.3 billion ($85.36 million) from the Department of Public Enterprises last week, a spokeswoman for the administrators said on Wednesday.
The money would be used to pay accepted and signed voluntary severance packages, employees who accepted a three-month back pay deal, and post-commencement creditors, spokeswoman Louise Brugman said.
Source: moneyweb.co.za