South African Airways gets $272 million lifeline as it enters business rescue

CAPE TOWN/JOHANNESBURG (Reuters) - South African Airways (SAA) was set to enter a business rescue process on Thursday, with a 4 billion rand (212 million pounds) lifeline from government and banks announced by a minister.State-owned SAA, which has not made a profit since 2011 and has depended on government bailouts to stay solvent, said it would try to operate a new provisional flight schedule.In a business rescue, a specialist practitioner takes control of a company with the aim of..