National Treasury seeks conditions on SAA loan guarantees

South Africa’s National Treasury wants strict conditions attached to any guarantees it provides for loans to the country’s embattled state airline, according to two people familiar with the matter. Treasury and Department of Public Enterprises officials met Saturday to discuss ways to restart South African Airways (SAA), the people said, asking not to be identified because the talks are private. Representatives of two South African banks attended the talks, they said.

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