This news aggregator site highlights South African labour news from a wide range of internet and print sources. Each posting has a synopsis of the source article, together with a link or reference to the original. Postings cover the range of labour related matters from industrial relations to generalist human resources.
Reuters reports that according to South African Airways (SAA), a government cash injection of R5.5 billion approved for the 2019/20 financial year is expected at the end of the month.
But the state-owned carrier still needs more money, a presentation to lawmakers showed on Wednesday. SAA has debt of about R12.7 billion, consisting of R9.2 billion of legacy debt and a R3.5 billion working capital facility provided by banks. “SAA requires R2 billion to fund working capital in FY 2019/20 by December 2019,” the presentation indicated.
- Read the original of the above report at EWN
Get other news reports at the SA Labour News home page