Under the rescue process, existing lenders will provide the airline R2-billion as post-commencement finance, which will be repaid out of future budget appropriations.Public Enterprises Minister, Pravin Gordhan has said the money provided by government is not a bailout but rather financial assistance aimed at facilitating a radical restructuring of the airline.
The Minister alongside Finance Minister, Tito Mboweni are set to meet Trade Union, Solidarity at the South Gauteng High court as it finalises its business rescue application.
Who are the Business Rescue Practitioners that will be appointed at SAA. I don’t know if SA Business Rescue Practitioners we have currently have the track record, qualifications & expertise to put a turn around strategy that will save SAA🙈
I also suggest to do the same with SABC and Denel. These are entities gobbling billions as well which we have far more efficient alternatives for.
About eight years to late.
☹️ Oh my my SAA whats happening? Whats happening with African Airlines...? With an exception of Ethiopia Airlines....they seem to know what they doing
Business people and SA politicians
What does it mean?
Finally
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