SAA recovering some of the R1 billion in funds blocked in Zimbabwe, Nigeria

South African Airways (SAA) is in the process of trying to recover about R1.1 billion in blocked funds that it has been unable to extract from Zimbabwe and Nigeria, with the help of the International Air Transport Association (IATA).

The state-owned airline's blocked funds in Zimbabwe amount to about US$60 million (about R1 billion). In Nigeria, it is owed roughly US$5 million (about R85 million).

It could certainly put the blocked funds to good use.