Free Trial

SAA Exits Business Rescue

  • State-owned airline, SAA, exits business rescue, bringing to an end the process started on 05 Dec 2019
  • "a significant portion of the debt that hamstrung SAA has since been compromised and the balance thereof transferred to a receivership, a vehicle specially intended to ensure the debt is paid over the next 3 years
  • SAA has received R7.8bn of the R10.3bn allocated as part of the business rescue plan
  • "practitioners are leaving both a solvent & liquid SAA adequately set to continue into the future.
  • SAA has been handed over to the board & executive team with immediate effect"
MNI London Bureau | +44 020-3983-7894 |
MNI London Bureau | +44 020-3983-7894 |

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.