Question NW2102 to the Minister of Public Enterprises
04 November 2020 - NW2102
Lees, Mr RA to ask the Minister of Public Enterprises
What are the details of the (a) sources of the funds and (b) progress made to obtain the funding required for the implementation of the business rescue plan of the SA Airways (SAA) that was approved by the SAA creditors on 14 July 2020?
Reply:
a) Various sources of funding are being considered including the strategic equity partner, application for funding from Government through the Medium-Term Expenditure Framework process, approaching Development Financial Institutions and Commercial Banks.
b|) The process has reached an advanced stage, which we will be able to announce in due course. Due to the sensitive nature of these negotiations we are unable to pronounce at this stage.