Mboweni says SA has not committed to fund SAA rescue plan

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Finance Minister Tito Mboweni says the government hasn't decided on the future of SAA as yet. Picture: File
Finance Minister Tito Mboweni says the government hasn't decided on the future of SAA as yet. Picture: File

The government has not committed to fund a restructuring plan for struggling South African Airways, Finance Minister Tito Mboweni said in court papers seen by Reuters on Tuesday.

Administrators took over SAA in December after almost a decade of financial losses and last week creditors approved the restructuring plan, which requires at least R10 billion of new funds, on the understanding the government would find the necessary cash.

READ: State commits to mobilise funds for SAA rescue

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