Global Trade Alert
Global Trade Alert

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

Announcement

29 Oct 2020

On 29 October 2020, the South African Ministry of Public Enterprises announced committing to provide R10.5 billion to finalize the business rescue plan and restructuring of South African Airways (SAA).

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

29 Oct 2020

Revocation date:

No revocation date

Updated: 29 Oct 2020
Capital injection and equity stakes (including bailouts) In force

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 A...

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