The Development Bank of Southern Africa will provide South African Airways (SAA) with funding of R3.5 billion to assist the national carrier in addressing its liquidity challenges.
President Cyril Ramaphosa has called on the South African business sector to form part of the collective national effort to advance the interests of the country and continent.
: SAnews – South African News keamo
Interested parties have until Friday to comment on legislation amending Section 25 of the Constitution.
: SAnews – South African News Priscilla
Have you tried: Whale and Dolphin Watching in Algoa Bay?
Quick Cape Town Fact: Since it was first colonised in 1652, Cape Town was tossed back and forth between two of the greatest colonial powers of the time, the British and the Dutch. The Dutch were in charge for the first century and a half after colonisation. Britain took over in 1795, only to lose the colony to the Dutch in 1803. Another three years passed before the Cape was back in British hands, where it stayed for the next century and a bit. Finally, in the early 1900s, South Africa was granted independence, but it was another 90 years before the first democratic elections took place.
Article source: http://mycapetown.co.za/r3-5-billion-to-aid-saa-business-rescue/