5 important things happening in South Africa today

Here’s what is happening in and affecting South Africa today:

  • The move to put SAA into urgent business rescue was reportedly a last-minute call by Public Enterprises minister Pravin Gordhan – to stop the airline from announcing it was entering into voluntary liquidation, which could have led to cross defaults among all state companies. In that scenario, lenders could have called in all government guarantees, which would see government having to pay off R579 billion worth of debt, including Eskom’s. [Mail & Guardian]

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5 important things happening in South Africa today