No time to ponder huge loan to SAA

09 February 2020 - 00:17 By CHRIS BARRON

Development Bank of Southern Africa (DBSA) deputy chair Mark Swilling says its controversial decision to give bankrupt South African Airways (SAA) a R3.5bn loan was taken in five days without following the bank's normal due diligence processes.

"As everyone knows we were faced with a crisis. When you're faced with a crisis you can't go through your normal due diligence over several months before you make a decision," he says...

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