About: http://data.cimple.eu/news-article/4ae23b1e03a2aae2fa5a007ad8a5fd1d286e41a90ecfdd4573b1c001

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About: http://data.cimple.eu/news-article/4ae23b1e03a2aae2fa5a007ad8a5fd1d286e41a90ecfdd4573b1c001 Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	South Africa's flag carrier was Tuesday denied more government funding for its state-led rescue plan,, as resources are directed toward lessening the economic impact of COVID-19 on citizens and businesses. South African Airways was placed under a state-approved rescue plan in December and its government-appointed independent business administrators had since requested an additional 10 billion rand ($550 million) in funds toward the rescue plan. But minister of public enterprises, Pravin Gordhan said "government is unable to provide additional funding to sustain the business rescue process beyond the funding that has already been provided to the airline," in a letter quoted by local media and dated April 10. The decision deals a severe blow to SAA, which has since 2011 failed to make a profit, surviving on government bailouts. The airline received 3.5 billion rand ($2.4 million, 2.2 million euros) from the Development Bank of South Africa in January. The rescue plan was a last-ditch bid to avoid total collapse of the airline which employs more than 5,000 workers. It has a fleet of more than 50 aircraft flying to domestic and international destinations. But SAA has grounded all of its passenger flights, apart from charters to repatriate stranded citizens, due to the COVID-19 lockdown which is further crippling the ailing carrier. South Africa has the highest recorded numbers of coronavirus infection in sub-Saharan Africa, with 2,415 cases including 27 fatalities. mgu/pvh
schema:headline	S.Africa halts funding to cash-strapped national carrier
schema:mentions	Pravin Gordhan South African rand 2020 Hubei lockdowns South African Airways Sub-Saharan Africa South Africa Coronavirus disease 2019 Independent business Insolvency Flag carrier PVH (company)
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-04-14 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	75 (xsd:integer)
http://data.cimple...tology#hasEmotion	anger

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