South African Airways to receive additional government funding

South African Airways (SAA) will receive another funding round of $55 million from the South African Government for business rescue process. The announcement for added funds was made by the Finance Minister of South Africa, Enoch Godongwana during the presentation of the budget in the Parliament, on February 22, 2023. The minister said that the allocations for these state-owned companies will be accompanied by strict conditions to ensure sustainability, accountability and transparency. If the conditions are not met, the money will not flow. He did not exclude further cash injections for SAA further down the line. South African Airways entered