R18b in 8 years
So basically SAA has lost 6 million Rand a day every day for the last 8 years. Yip, thats an organisation worth saving.
So its being "recapitalised"? Why would a company thats been going for 75 old years need extenal capital? Because it never makes any of its own. They want more taxpayers money to by more equipment so they can lose even more money and get yet another "non-bailout" next year.
TIA