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

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