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South Africa: SAA – DA Rejects Banks’ R3.6 Billion Bridging Finance

Posted by Staff Writer on November 3, 2020 in Latest News | 1 View

By DA [DA] The Democratic Alliance (DA) rejects the decision by Nedbank and four other South African banks to make R3.6 billion bridging finance available to South African Airways (SAA) whilst the airline await payment of the R10.5 billion taxpayer bailout proposed by the Minister of Finance. Tito Mboweni, in his Medium-Term Budget Policy Statement last week. This was revealed in a Sunday Times report over the weekend. Click here to read entire article

Source:: All Africa

      

Posted in Latest News | Tagged african, apps, benin, cameroon, chad, eritrea, Ethiopia, ghana, latest, mozambique, news, niger, nigeria, senegal, somaolia, south africa, technology, togo, uganda

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