ANNOUNCEMENT 03 Oct 2012In October 2012, the government of South Africa announced a change in private-sector financial support.
NUMBER OF INTERVENTIONS
National Treasury of South Africa: http://www.treasury.gov.za/comm_media/press/2012/2012100301.pdf
On October 3, 2012, the National Treasury of South Africa issued a statement that the government has granted South African Airways (SAA) a 5 billion Rand (US$ 600 million) guarantee for a period of two years starting from 1 September 2012. The guarantee is intended to relieve the acute financial difficulties in which SAA found itself and to ensure that the airline continues to operate as a going concern.
A state measure in the GTA database is assessed solely in terms of the extent to which its implementation affects the extent of discrimination against foreign commercial interests. On this metric, the state aid proposed here is discriminatory.