SAA negatively impacts on the growth of tourism to South Africa
By Unathi Sonwabile Henama The national carrier is facing immediate funding challenges, as suppliers are reducing their credit risk to SAA by reducing payment terms from 21 days to 7 days. This means that the airline needs an additional R7,5 billion rands to fund day-to-day operations from next month, and this is after the Minister of Finance gave SAA another R5 billion bailout during the Medium Term Expenditure Framework Budget. […]