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SAA must not be a liability to the fiscus - Gordhan

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Cape Town – South African Airways (SAA) cannot become a liability, according to Finance Minister Pravin Gordhan.

Speaking during a post-cabinet briefing in Pretoria on Thursday, Gordhan told media that Treasury is stabilising the embattled national airline to ensure its profitability.

SAA, which last posted a full-year profit in 2011, confirmed to Bloomberg on Wednesday that Citigroup cancelled a R250m banking facility for SAA on December 24, meaning SAA might not have access to free cash as of Friday.

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