1
Everything Mining Industry
 
Country Focus
Back Copies
 
Mining Weekly Magazine
 
Engineering News Magazine
 
How to Guide
 
 
more  
 
Limit search to:
Where?
With?
Start Date   
End Date   
 
 
 
Back
 Address to refer: https://www.researchchannel.co.za/article/saa-gets-r3bn-to-pay-citibank-debt-2017-09-29
 Article Headline: Govt uses National Revenue Fund to bail out SAA
 Abstract: The South African government on Friday approved the transfer of funds from the National Revenue Fund (NRF) to troubled national carrier South African Airways (SAA) to allow the airline to meet its debt obligations to Citibank and avoid a default. SAA has to meet its repayment obligations on a Citibank loan amounting to R6.8-billion in total by the end of September, as it also wrestles with the prospect of being unable to pay salaries because of a severe cash crunch. CitiBank has also cancelled SAA’s R250-million short-term banking facility due to lack of government guarantee, leaving the airline without cash and desperately trying to find local bridging finance.
 Your Name:
 Your e-mail:
 Your colleague's e-mail: - separate emails by commas, maximum limit of 4 addresses
 A personal note:
 

Please enter the letters you see in the image below
Verification Image. Please refresh the page if you cannot see this image.

 
 
 
 
 

Latest content...

Report Cover Buy Report   Just Energy Transition 2024: Investing in the future Buy Report Hydrogen 2024: Implementation crucial going forward Buy Report   Hydrogen 2024: Implementation crucial going forward Buy Report Roads, Rail & Ports 2024: Inefficiencies reach new lows Buy Report   Roads, Rail & Ports 2024: Inefficiencies reach new lows Buy Report Africa Mining PIP cover image Buy Report   Africa Mining Projects in Progress 2024 Buy Report Iron-Ore 2023/24: Bracing for change Buy Report   Iron-Ore 2023/24: Bracing for change Buy Report Platinum Group metals image Buy Report   Platinum Group Metals 2023: Crucial Element in the Energy Transition Buy Report
 
Airlock gate at the Akkuyu NPPAkkuyu Nuclear Akkuyu nuclear power plant project, Türkiye – update Published: 10 May 24 Image solar panels AMSA renewable-energy project, South Africa – update Published: 10 May 24 Image of bifacial solar PV panels Renewable Energy Independent Power Producer Procurement Programme – Bid Window 6, South Africa – update Published: 10 May 24
 
AngloGold starts year with 2% higher output despite flooding in Australia Published: 10 May 24 AngloGold CEO Alberto Calderon Gold miner AngloGold Ashanti has started the year off well, with a 2% increase in production to 581 000 oz for the quarter ended March 31, despite... GR Engineering bags A$71m Kathleen Valley contract Published: 10 May 24 GR Engineering bags A$71m Kathleen Valley contract ASX-listed GR Engineering Services has been awarded an engineering, procurement and construction (EPC) contract with LRL, a wholly-owned subsidiary... MRC plans to sell SA mineral sands mine as focus shifts to graphite Published: 10 May 24 MRC plans to sell SA mineral sands mine as focus shifts to graphite ASX-listed Mineral Commodities (MRC) has announced a decision to divest its interest in the Tormin mineral sands mine in South Africa to allow the...
 
Engineering News 10 May 2024   Engineering News 10 May 2024 View Back Copy Engineering News 03 May 2024   Engineering News 03 May 2024 View Back Copy Engineering News 26 April 2024   Engineering News 26 April 2024 View Back Copy Engineering News 19 April 2024   Engineering News 19 April 2024 View Back Copy Engineering News 12 April 2024   Engineering News 12 April 2024 View Back Copy Engineering News 05 April 2024   Engineering News 05 April 2024 View Back Copy
 
Register for daily alerts on news as it breaks in various key economic sectors - Click here to register
Close