National carrier has emerged from business rescue but has to pay for goods and services upfront
SAA, which is being sold to Takatso Consortium as a strategic equity partner, is still reeling from the effects of its two-year business rescue process and some suppliers are reluctant to trade with it, says public enterprises minister Pravin Gordhan.
To ensure goods and services are delivered and the national carrier is able to continue operations, SAA has to prepay suppliers, Gordhan said in a parliamentary response to the EFF...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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