S.African govt commits to provide SAA with 10.5 bln rand - administrator

The South African government has told administrators of South African Airways (SAA) that there is a "clear cabinet commitment" to provide the state airline with 10.5 billion rand ($650.7 million) of funds, one of the administrators said on Friday.

The administrator told an SAA creditor meeting that the government's communication had the support of National Treasury but the timelines and mechanisms for the funding were yet to be finalised. ($1 = 16.1359 rand)