SAA requires $400m bailout to stay afloat - treasury official

South Africa’s state carrier SAA requires a SAR5b (US$399m) cash injection in the current financial year to help it meet its financial obligations, a senior treasury official said Tuesday. National Treasury director-general Dondo Mogajane told parliament the cash injection could however not come from govt, which has so far pumped SAR20b into the firm. Mogajane said treasury was willing to consider selling a stake in the airliner to a private equity partner. <br/>