DA: Reported R21bn SAA loan offer ‘may be too good to be true’

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The DA will ask Finance Minister Tito Mboweni to put pressure on his Cabinet colleagues to carefully consider a proposed R21 billion private loan from a consortium of local and foreign investors to South African Airways (SAA), the party said on Sunday.

Reports on Sunday indicated that the loan was conditional on the consortium being given a 51% equity share in the national carrier, DA spokesman Alf Lees said.

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