Mozambique on Monday withdrew appeals against a South African court decision not to extradite its former finance minister, Manuel Chang, wanted in relation to a $2 billion debt scandal that plunged his country’s economy into crisis, Reuters reported. Chang, who denies wrongdoing, was arrested in South Africa in December at the request of the United States while Mozambique also requested his extradition, sparking a legal battle over where he should be sent.

A proposal by South Africa’s biggest labor-union federation to rescue debt-stricken Eskom Holdings SOC Ltd. with government workers’ pensions would amount to little more than a shifting of contingent liabilities, according to BNP Paribas South Africa, Bloomberg News reported. The Congress of South African Trade Unions’ proposal that state institutions including the Public Investment Corp.

South African President Cyril Ramaphosa said on Friday that his government did not agree with plans to cut some of struggling South African Airways’ (SAA) domestic routes, plunging rescue efforts for the cash-strapped carrier into uncertainty, Reuters reported. State-owned SAA entered a form of bankruptcy protection in December and is fighting for its survival. Specialists appointed to try to rescue SAA said on Thursday that SAA would cease flights to Durban, East London and Port Elizabeth from Feb.

Proposals to reorganize the 454 billion rand of debt ($30.7 billion) owed by South Africa’s state-owned power company are days away from completion, according to an official who’s overseen their formulation, Bloomberg News reported. The company’s Eurobond yields fell by the most since June.

South African Airways finally secured the funding it needs to keep flying for the time being, yet there’s still a long way to go before the state-owned carrier can claim to be stable, Bloomberg News reported. SAA probably has enough cash to keep operating for as long as eight months after the Development Bank of Southern Africa stepped in with a 3.5 billion rand ($240 million) injection, according to Joachim Vermooten, an independent aviation consultant.

South African Airways finally secured the funding it needs to keep flying for at least a few more months, yet there’s still a long way to go before the state carrier can claim to be stable, Bloomberg News reported. The loss-making airline was put into a local form of bankruptcy protection late last year and its administrators have little more than a month left to come up with a workable plan to turn it around.

South African Airways’s business-rescue team said it’s been given access to 3.5 billion rand ($239 million) from the state-owned Development Bank of Southern Africa to avert the airline’s collapse, Bloomberg News reported. The team will immediately draw down 2 billion rand from the facility, they said in a statement on Tuesday. SAA has already canceled some flights this month to save cash after the government missed a deadline to provide the money as part of the terms of its bankruptcy protection. Bloomberg News earlier reported that the bank was considering providing funding.

The head of South Africa’s state power company will this week present a draft plan to change how the utility operates, as local media reported he’s considering unbundling the utility at a slower pace than envisaged by the government, Bloomberg News reported. Stabilizing Eskom SOC Holdings Ltd. is the government’s top priority. The company has more than 450 billion rand ($31 billion) of debt and the cost of servicing those loans is higher than the revenue it’s generating.

South African Airways said “time is of the essence” for the government to provide a pledged cash injection if the loss-making national carrier is to continue flying, Bloomberg News reported. The National Treasury agreed last month to give the airline 2 billion rand ($140 million) as part of the terms of its bankruptcy protection, but has yet to follow through. SAA canceled 38 flights this week to save money and warned that further cuts may be in the offing.

Heavily-indebted South African Airways (SAA) should be retained as a national airline but needs substantial restructuring, a top official in the governing African National Congress (ANC) party said on Wednesday, Reuters reported. SAA is running out of cash after the government failed to provide 2 billion rand ($138 million) of emergency funding it promised when the airline entered a form of bankruptcy protection last month.