SAA gets R5bn Treasury guarantee with Ts&Cs

After years of wrangling over SAA's future, the National Treasury on Friday finally acceded to demands from the troubled national airline for a R5-billion state guarantee.Due to mismanagement, state-owned enterprises have been singled out as one of the main risks to South Africa's credit rating by the world's three leading agencies, Moody's, Fitch and S&P.