South Africa: Government provides funding for the South African Airways

Announcement

30 Oct 2019

The government of South Africa approved a cash injection for the debt obligations of South African Airways.

Source

Number of interventions

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

30 Oct 2019

Revocation date:

No revocation date

Updated: 30 Oct 2019

Capital injection and equity stakes (including bailouts) In force

On 30 October 2019, the Ministry of Finance of South Africa in the Medium-Term Budget Policy Statement announced that the government has allocated an additional R5.5 billion (USD 367 million) to th...

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