A delegation from Treasury and Public Enterprises met with banks to ask for their help in fixing embattled SOEs.
It has been reported by the Sunday Times that a Pretoria music promoter has reportedly been awarded a three-year deal of R2,4 billion to supply SA Express with fuel, at a rate of R67 million a month.
Pravin Gordhan says the problems at SA Express are the direct result of state capture.
SA Express has been grounded due to safety concerns.
SA Express is the latest para-statal to need a government bailout.
Sources say SAA has asked for a loan from the PIC, but Gigaba says this isn't true.