Business rescue practitioner Les Matuson has begun a race against time to restructure SAA before the cash runs out for it to continue operating.
Because SAA is unable to generate enough revenue to pay for operations, the R4bn in precommencement funding from the Treasury and the banks will have to fund the gap until the airline breaks even. Even with the tools of business rescue at his disposal, this is a tall order.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.
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NEWS ANALYSIS: Business rescue practitioner faces tight turnaround time to save SAALes Matuson will have to act fast as the R4bn granted by the government will have to stretch until the airline breaks even
Source: BDliveSA - 🏆 12. / 63 Read more »
NEWS ANALYSIS: Business rescue practitioner faces tight turnaround time to save SAAThe R4bn in precommencement funding from the Treasury and the banks will have to fund the gap until the airline breaks even 🔒
Source: BDliveSA - 🏆 12. / 63 Read more »
DA requests for Parly involvement in SAA business rescue plan talks - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.DA requests for Parly involvement in SAA business rescue plan talks The DA says it has made a request for Parliament to be part of a meeting to discuss South African Airways’ (SAA) business rescue plan. The politicians must get the fuck out of the way now.
Source: SABC News Online - 🏆 32. / 51 Read more »
Load shedding, SAA top ANC's NEC agenda - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The African National Congress's highest decision making body in between conferences, the National Executive Committee, is currently meeting at the Lakes Hotel and Conference Centre in Benoni as the country endures continued load shedding. Okay next They are right for this catch phrase 'load shedding,SAA top ANC's agenda' to sell news and make arguments. They are going to write it on paper and it ends THERE in paper. Mximmmmmmm
Source: SABC News Online - 🏆 32. / 51 Read more »
Eskom implements stage six loadshedding - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.%Eskom says the incessant rains in various parts of the country are making it difficult for it to reduce loadshedding% Oh my God I am sick and tired of South Africa At this rate I think electricity should be free
Source: SABC News Online - 🏆 32. / 51 Read more »