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Subscriber OnlyBusinessSouth Africa Cuts Off Funding Line to State-Owned AirlineSouth African Airways in administration after years of lossesFunding halt a victory for finance minister’s austerity drivePhotographer: Waldo Swiegers/BloombergByAntony Sguazzin+FollowApril 14, 2020, 5:39 PM UTCUpdated onApril 15, 2020, 6:34 AM UTCSign up to our Next Africa newsletter and follow Bloomberg Africa on TwitterSouth African Airways has been denied any further funding by its government owner as the national carrier looks for ways to recover from the coronavirus crisis and a local form of bankruptcy protection.
