Fears South African Airways ‘nearing collapse’

By BBC On Thu, 28 Nov, 2019 20:43 | < 1 min read
South Africa's cash-strapped national carrier is reportedly at risk of collapse. [PHOTO | COURTESY]
South Africa's cash-strapped national carrier is reportedly at risk of collapse. [PHOTO | COURTESY]
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    South Africa's cash-strapped national carrier is reportedly at risk of collapse.

South Africa’s cash-strapped national carrier is reportedly at risk of collapse.

The government is working on “immediate actions” to keep South Africa Airways in the skies, according to Reuters.

The airline hasn’t turned a profit since 2011 and has relied heavily on government bailouts to stay afloat.

Now, the firm needs to find more than 2bn rand ($136m; £105m) to continue operations but banks are reluctant to lend without state backing.

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