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Thread: SAA bankrupt - again
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Old 20th Feb 2009, 10:29
  #11 (permalink)  
johan_jnb
 
Join Date: Sep 2007
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a para-statal entity cannot be bankrupt... unless the state or goverment has no reserves left.

SAA is goverment owned and funded, they have no real obligation to make money, so we cannot say they are bankrupt, nor a 'real' business in my opinion .
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