IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 31 Dec 2014 | Removal date: open ended
Still in force

Loan guarantee

The guarantee approved by the Ministry of Finance of the Republic of South Africa has a total value of Rand 6.488 billion (USD 559.82 million). In a separate press release, the government approved the guarantee in December 2014. The guarantee is not a transfer of funds but allows the airline to borrow against it. In the event of default, the government of South Africa will undertake the company's debt obligations. The government has previously approved guarantees for South African Airlines at a total value of approximately Rand 7.9 billion (USD 949.92 million), see related measure. The total value of guarantees to the airline is approximately Rand 14.4 billion (USD 1.24 billion). 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

642 Long-distance transport services of passengers

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