All eyes on new SAA Interim CEO to secure funding to pay debt

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Newly appointed SAA interim CEO, Zukisa Ramasea

JOHANNESBURG – The South African Airways (SAA) confirmed that it would need another R4 billion to survive the current financial year.

This came as outgoing CEO Vuyani Jarana announced his departure, after citing not receiving enough government support.The airline indicated that it needs more money to pay its existing debt to survive.

Zukisa Ramasia will take over as interim CEO as of Monday and reports say she will need to secure funding fast.

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