State-owned SAA has experienced longstanding financial woes that were exacerbated by the Covid-19 pandemic, forcing it to halt all operations in September 2020 when it ran out of funds.
Download logoThe Board of Directors of the African Development Bank Group (www.AfDB.org) approved an equity investment of $20 million in Evolution Fund
The Evolution One Fund, a 10-year private equity fund that focuses on investments in clean technology in various sectors in the southern African region, has raised R400-million from four core international investors to date, and is expected to grow to R1-billion by mid-2009.