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SAA under pressure to find buyer as Treasury tightens conditions

# National Treasury has given South African Airways until February to find a strategic equity partner, warning no further state support will be available once its current one-billion-rand loan guarantee expires. Treasury says the airline has yet to draw on the guarantee and must identify non-core assets for sale to strengthen its finances. SAA says the search for a strategic partner is being led by its shareholder, while it engages potential lenders. The Organisation Undoing Tax Abuse blames political interference and poor leadership for the airline’s ongoing financial challenges.