We all know South African Airways (SAA) is in the deep end and treasury has refused to grant the struggling airline an additional R5 billion in guarantees until they submit financial statements which they havn’t done for the past two years. Well it seems like SAA is looking elsewhere for funding and will take money from anyone willing to give it. This request for proposal ad was spotted in a newspaper over the weekend and they are looking for R16 billion in long term funding.
Secured or unsecured funding…doesn’t matter they will take it.
[pic via @De_Imperial]