South African Airways said it’s waiting for the government to tell it whether it will provide the national carrier with the money needed to keep flying, rendering it unable to publish its results for the year through March.
The financial woes dogging Eskom show little sign of letting up even as the government grants it massive bailouts.
South Africa’s embattled public broadcaster is to receive R2.1bn on October 7 as part of an initial tranche of a R3.2bn bailout from the government.
Energy experts have welcomed the cash boost to address the debt millstone for Eskom, but they say President Cyril Ramaphosa has not gone far enough.
The world spotlight is on Eskom, the state-owned entity that controls electricity provision across South Africa.
There should be many options on the table when it comes to fixing Eskom. But the problem is that each one of these solutions would be rejected by unions.
James Peron, makes a breathtakingly simple argument, backed by historical facts, as to why SAA should simply be wound up as a failed concern.