South African Airways administrators gets 1.3 billion rand from government
|01/27/2021 | 07:59am|
JOHANNESBURG (Reuters) - Administrators at national airline South African Airways (SAA) received 1.3 billion rand ($85.36 million) from the Department of Public Enterprises last week, a spokeswoman for the administrators said on Wednesday.
The money would be used to pay accepted and signed voluntary severance packages, employees who accepted a three-month back pay deal, and post-commencement creditors, spokeswoman Louise Brugman said.
($1 = 15.2305 rand)
(Reporting by Alexander Winning; Editing by Mfuneko Toyana)