Originally Posted by
thijsseh
With a R57 Billion negative cash flow in the next 5 years, the 'solvent and liquid' situation referred to in that article can't be more than a snapshot. A few milliseconds later that would have changed. What are these guys smoking....
Indeed and I hope that the South African Government installs a new Board of Directors and Management Team with this revitalization. They've been corrupt far too long with unscrupulous opportunists that bled the company dry with mismanagement and poor decision making after several bailouts by the state.
SAA to exit "Business Rescue".
https://www.reuters.com/world/africa...hs-2021-05-01/