South Africa in talks with Citibank on State airline debt

South Africa is in talks with Citibank on how to settle a R1.8-billion ($135-million) loan to the State airline due end September after the lender said it would not roll over the debt again, Treasury Director General Dondo Mogajane said on Tuesday. "We owe Citibank about R1.8-billion. We had an understanding with them to roll (the debt) to September. Citi did indicate to us that they will not be in a position to roll further and we engaged them. It's an ongoing consultation," Mogajane told journalists.