The Waking Crew 2.0

Catch Jarret and Deon for their early morning antics: 06:00 - 09:00

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The Coffee Break

Get that morning buzz you need, from 09:00 - 12:00

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The Hard Drive

with Karlien, for your lunch time entertainment 12:00 - 15:00

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The Headrush

End your busy day with Chops, 15:00 - 18:00

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Treasury decides on R10 billion bail-out for SAA

National Treasury has agreed to give South African Airways a special appropriation of R10 billion by the end of September, director general Dondo Mogajane told MPs on Wednesday. 

“It will be for R10 billion. We have decided, because that will cover everything,” The Citizen quotes him as saying during a briefing on the ailing airline’s latest quarterly results. The bill is due to be tabled in a special sitting and Mogajane said he hoped that the legislature would agree to the measure, adding that the treasury would be forced to look at a “plan B” if MPs refused to support it. Mogajane said nine lenders have agreed to roll over debt that would become due at the end of the month, while Citibank has agreed to roll over a portion of the R1.761 billion the loss-making airline is due to repay by the 30th.