BL PREMIUMThe truce between SAA’s business rescue practitioners and public enterprises minister Pravin Gordhan is on the rocks following their statement to a parliamentary committee on Friday that they intend to submit a report for the wind-down of the company.
Last week Gordhan secured a memorandum of understanding signed by Les Matuson and Siviwe Dongwana in which they agreed to hear out Gordhan’s plans for a new airline and to hold over any sale of company assets until June 30.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
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Bloody showdown as Gordhan blasts SAA business rescue teamPravin Gordhan accused the rescue practitioners of incompetence and enriching themselves, having already invoiced R30m He was the captain-he must be fired this pravin Gordhan is useless. He doesn’t know what he’s doing. Overrated. If a business is not viable ito debt and profit, can it be expected - is it reasonable - is it logical - to demand that a suitable plan must be produced from the hat?
Source: BDliveSA - 🏆 12. / 63 Read more »
Bloody showdown as Gordhan blasts SAA business rescue teamPravin Gordhan accused the rescue practitioners of incompetence and enriching themselves, having already invoiced R30m MbongeniusTolls JohnSteenhuisen SAA Ramaphosa Why not franchise SAA Routes, SAA remains the Franchisor, collects franchise fees to recover its debt. I am convinced that a Franchise Model can be developed, allowing entrepreneurs to take to the skies. Let’s Fly SA .... SAA probably should be rescued immediately from the 'business rescue team' (sic).
Source: BDliveSA - 🏆 12. / 63 Read more »