I believe that SAA are having issues finding enough money to pay their bills , I don’t know if the government gave them another injection of capital or not.
South African Airways (SAA) says that the latest cash injection from the South African government of 5.5 billion rand ($376 million) is not enough to keep it going. A presentation to the country’s lawmakers last Wednesday showed the 5.5 billion rand they approved for the 2019/2020 financial year was insufficient.
Having not made a profit for the last seven years, and with losses of 5.7 billion rand for the current financial year, South African Airways is in a difficult position.
In total,
South African Airways debt is over nine billion rand of legacy debt and 3.5 billion rand of working capital that has been provided to them by the banks. During the presentation, the airline told the ministers that it needs a further two billion rand working capital between now and December.