South African Airways' (SAA) executives are caught between their continental ambition and lack of cash. Technically insolvent, SAA is reliant on a R5 billion ($443 million) government guarantee to operate while discussions about a cash injection continue with the treasury.
The size of the bailout required has not been disclosed, but an announcement is expected at the end of March. Monwabisi Kalawe, who took over as chief executive in June 2013 following a purge of board members and
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