Local banks are continuing to drip-feed state-owned entities (SOEs) with credit to help keep them on their feet despite difficulty in holding them to repayment commitments.
SAA is in negotiations with a consortium of banks to access the R4bn it requires for working capital for the 2019/2020 financial year. Without this funding the airline will be unable to continue operations.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Dr. Ibn Kailan Abdul-Hami: Marketing for Entrepreneurs in Ghana
5 minutes -
“Mentorship for a Brighter Ghana”: My Mentor, My Pal inspires over 100 students from Asamankese
14 minutes -
ASEC hosts Africa Sustainable Energy Dialogue to address energy access crisis
2 hours -
Sporting beat Guimaraes to retain Primeira Liga title
2 hours -
Ibrahim Sulemana scores as Atalanta beat Genoa
2 hours -
Obuasi Area of the Church of Pentecost holds empowerment seminar for BECE candidates
4 hours -
Fisheries Commission to analyse data on effect of closed season artisanal exemption
4 hours -
Crime prevention must be the bedrock of modern policing – Chief of Staff
4 hours -
From Alexander to Mahama: When the pot spoke truth to power
4 hours -
Remove all references to private associations from Constitution – JoyNews’ Kwaku Asante tells Constitutional Review Committee
5 hours -
NMCs role must be expanded to include frequency and spectrum authorisation for media houses – JoyNews’ Kwaku Asante
5 hours -
JoyNews’ Kwaku Asante criticises use of ‘false news’ laws to intimidate journalists at Constitutional Review Committee
5 hours -
Accra Mayor engages street hawkers ahead of Tuesday’s major decongestion exercise
5 hours -
Paolini ends 40-year wait for home winner of Italian Open
5 hours -
FA Cup: Crystal Palace stun Man City to win first major trophy
6 hours