Economics
South African Airways May Only Get 5% of Money Owed by Zimbabwe
- The majority of debts will be rejected, says MPC member
- South African airline has entered bankruptcy protection
Photographer: Waldo Swiegers/Bloomberg
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South African Airways, the national airline that’s entered a form of bankruptcy protection, may only be offered 5% of the $60 million that its owed by neighboring Zimbabwe in funds from ticket sales and hasn’t been able to extract from the country.