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Global Trade Alert

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South Africa: Government provides funding for the SAA business rescue plan

Description

On 29 October 2020, the South African Ministry of Public Enterprises announced allocating R10.5 billion (USD 640.7 million) to finalize the business rescue plan and restructuring of South African Airw...

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Intervention Details

Intervention Type

Capital injection and equity stakes (including bailouts)

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

29 Oct 2020

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Table

Affected Sectors

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Affected Products

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