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South African Airways needs state cash next week -administrators

JOHANNESBURG, Sept 10 (Reuters) - South African Airways (SAA) needs short-term funding from the government by the end of next week for the state carrier’s business rescue process to continue, its administrators said in a statement on Thursday.

“It is prudent to advise affected persons of the company’s dire financial position,” they said.

“The existing funds which are available for operational expenditure ...are near depletion.”

Reporting by Mfuneko Toyana; editing by Jason Neely

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