Home
/
Development Bank of Southern...

You Searched For "Development Bank of Southern Africa"

The airline which began to sink into debt since 2018, started to show signs of bankruptcy from December 5, when it slipped into the business rescue process.

South African Airways conceals financial information in the fear of liquidation

Our Correspondent24 Feb 2020 5:46 PM IST

SAA is reluctant to release its financial information due to the fear of liquidation.

On January 31, South African president Cyril Ramaphosa has ordered probe from special government investigators for South African Airways (SAA) that he believed to have operated corruptly dating back to at least 2002.

Disasters piling on SAA: Now South Africa’s Airlink to sue for $47 million

Our Correspondent5 Feb 2020 5:21 PM IST

Airlink is planning to sue South African Airways (SAA) and its business rescue practitioners (BRPs) for ZAR700 million rand ($47 million) in unpaid...

In a statement issued, the team looking to keep the airline still flying said they would immediately use two billion rand of the facility to keep the airline afloat.

South African Airways receives $239 mn rescue fund from DBSA

Our Correspondent30 Jan 2020 8:54 PM IST