The South African government has had to step in to pay a looming loan repayment from South African Airways (SAA) to prevent the national carrier from defaulting. The move follows a $350 million bailout by the government, which had to provide guarantees for the airline in 2016. In a statement, the South African Government National Treasury said it had transferred funds to SAA “to pay back its debt to Standard Chartered Bank, thereby preventing a default.” Failure to have done ...

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