The tripartite alliance is resolute in its decision to back SAA and says it will intervene to protect its asset if need be
ANC secretary-general Ace Magashule said government was still the main shareholder at SAA and would step in should it be necessary, as the general consensus was to save the ailing airliner. Following Ramaphosa’s state of the nation address on February 13, ANC treasurer-general Paul Mashatile on Friday reiterated similar sentiments, saying that government was ready and waiting on the sidelines should the business rescue practitioners be seen to be taking decisions not in the best interests of SAA.
“What the president was saying was that we don’t think that [the business rescue practitioners] are going the right way. They will come and argue that they think this route is not profitable and so on, but we are not as narrow as that. The secretariat meeting constituted secretaries-general and their deputies from the ANC, Cosatu and the SA Communist Party, who, according to Magashule, resolved that the alliance partners would back Ramaphosa’s disapproval of the business rescue practitioners’ discontinuance of some of SAA’s routes.
For how long?
The ones who collapsed SOEs are the ones complaining against business rescue practioners, they also claim ownership of government properties.
Unfortunately the BRP's are now in charge as per the company's act.
Who is “we”?
Most Read and Most Ill-Informed.
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Source: SABC News Online - 🏆 32. / 51 Read more »