Warning: South African Airlines technically trading insolvent

There appears to be little discussion in the Australian marketplace regarding the above bankruptcy (sans a formal filing). As a 'heads up' the following links detail issues with the carrier.

If you are flying from Perth to South Africa over the next few months, it may be wise for you to be aware of the situation and make sure that you have adequate travel insurance and flexibility.

http://www.bbc.com/news/business-40813582 - South African Airways On The Verge of Bankruptcy

https://www.businesslive.co.za/bd/companies/transport-and-tourism/2017-08-03-staff-salaries-may-not-be-paid-as-broke-saa-teeters/ - somewhat self-explanatory.

Poor management teams and their poor decisions of buying A340s (instead of 777s) failed the airline, hence bankruptcy.

Hope they get privatised, cant wait for whats to come for african travel if it happens

Am I correct to suggest that the fares to Africa ex Oz on a per kilometre basis (nautical mile if you must) are far more expensive than to South America? I reckon fares to the latter have declined in recent years, but to the former flights remain expensive whichever airline one chooses.