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S.African govt commits to provide SAA with 10.5 bln rand - administrator

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09/18/2020 | 06:49am EDT
A South African Airways aircraft is seen at O.R. Tambo International Airport in Johannesburg

The South African government has told administrators of South African Airways (SAA) that there is a "clear cabinet commitment" to provide the state airline with 10.5 billion rand ($650.7 million) of funds, one of the administrators said on Friday.

The administrator told an SAA creditor meeting that the government's communication had the support of National Treasury but the timelines and mechanisms for the funding were yet to be finalised.

($1 = 16.1359 rand)

(Reporting by Alexander Winning; Editing by Olivia Kumwenda-Mtambo)


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