By Tiisetso Motsoeneng
JOHANNESBURG Oct 2 (Reuters) – South Africa has approved a
two-year 5 billion rand ($601.01 million) loan guarantee to keep
troubled state airline South African Airways operating,
the public works department said on Tuesday.
“The guarantee will enable SAA to borrow from the financial
markets, thus ensuring that the airline continues to operate as
a going concern,” it said in a statement.
($1 = 8.3194 South African rand)
(Reporting by Tiisetso Motsoeneng; editing by David Dolan)
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