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D-Day for SAA: Will Mboweni throw the airline (another) bone?

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If Mboweni does not provide funding for SAA in his mini budget, it might just be the proverbial straw that breaks the camel's back.
If Mboweni does not provide funding for SAA in his mini budget, it might just be the proverbial straw that breaks the camel's back.

With Finance Minister Tito Mboweni set to deliver his Medium Term Budget Policy Statement on Wednesday afternoon, the big question for South Africa's airline industry - and taxpayers - is whether he will throw South African Airlines yet another bone in the form of a fresh bailout.

In terms of the rescue plan for SAA, already accepted by creditors in July this year, the airline needs an additional R10.5 billion for restructuring and severance packages, among other things. The rescue plan also anticipates the airline will make losses totalling about R6 billion for at least the first three years after restarting operations.

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