South African Airways requires\u00a0a R5 billion cash injection in the current financial year to help it meet its financial obligations.<\/p>\n
This is according to National Treasury director-general Dondo Mogajane, who has told parliament the cash injection could not come from government as it has already pumped R20 billion rand into the state-owned enterprise, reports Reuters<\/a><\/strong>.<\/p>\n Instead, other avenues are being considered to help cover the shortfall, with Mogajane saying that the National Treasury was willing to consider selling a stake in the airliner to a private equity partner.<\/p>\n The consideration follows confirmation by deputy minister of finance, Mondli Gungubele, that the\u00a0airline will require an additional R12 billion in bailouts over the next three years.<\/p>\n Speaking to parliament in April<\/a><\/strong>, Gungubele said that SAA would need another government bailout in the 2018\/19 financial year of R5 billion – with another R5 billion needed in 2019\/2020, and another R2 billion needed in 2020\/21.<\/p>\n This would allow the airline to continue operations, and also to help service its debt – which matures in March 2019.<\/p>\n