South African Airways running out of cash as unions seek to expand strike
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JOHANNESBURG (Reuters) - South African Airways (SAA) is running out of cash and could be liquidated if the government doesn't give it additional guarantees soon, a board member said on Wednesday, as trade unions threatened to escalate a crippling strike.State-owned SAA has racked up losses of more than 28 billion rand (£1.5 billion) over the past 13 years and wants to cut jobs as part of a turnaround plan.The National Union of Metalworkers of South Africa (NUMSA) and South African Cabin Crew..