South Africa Seeks SAA Rescue Funds From its Own Agencies

  • Development Bank of Southern Africa, PIC have been approached
  • Stricken national airline needs $650 million to restart
Photographer: Guillem Sartorio/Bloomberg
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South Africa’s government is in talks with two state agencies to try and secure the 10.5 billion rand ($650 million) needed to restart its insolvent national airline, people familiar with the situation said.