Another ailing State-Owned Company-SA Airways- to be split into three divisions

SOUTH AFRICA - Report 18 Feb 2019 by Iraj Abedian

In its April 2018 Financial Stability Review, the South African Reserve Bank (SARB) warned that state firms’ debt may threaten South Africa’s financial stability. Indeed, governance issues at state-owned entities (SOEs), rising contingent liabilities (in the form of government guarantees) and inadequate liquidity have added pressure on government finances.

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