Mango Airline's business rescue practitioner goes to court to seek sale of low-cost airline - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Mango Airline’s business rescue practitioner, Sipho Sono has filed a court application to force Public Enterprises Minister, Pravin Gordhan to make a decision on the proposed sale of the airline.

Mango Airline’s business rescue practitioner

, Sipho Sono has filed a court application to force Public Enterprises Minister, Pravin Gordhan to make a decision on the proposed sale of the airline. Sono says although an investor has been identified, implementing the adopted business rescue plan cannot go ahead without the Minister’s approval to dispose of the airline’s shares.

He accuses Gordhan of delaying the process with requests for more information despite being given 30 days allocated for queries. Sono wants the court to declare Gordhan’s refusal to make a decision unlawful and constitutionally invalid. “We come to a point now where we believe we will not be able to accommodate any further requests for information, particularly because the information that is sort has got nothing to do with the decision to either sell or retain your share and that is the purpose of the litigation that I have started.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

US pilot deaths increase by 1,750% after covid vaccine rollout | Aletho News To hell with Airlines & Death Shots! NoJab StayGrounded DoNotComply YourLifeDependsOnIt Voetsek

,

Kanti why is everything that has the state in it being up for sale?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 37. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Mango Airlines | Business rescue practitioners head to courtBusiness rescue practitioners for Mango airlines are heading to court to force Public Enterprises Minister Pravin Gordhan to decide on whether the airline will be sold. They went under with my money😪 Yoh hai shem!
Source: eNCA - 🏆 49. / 51 Read more »

Court orders couple to pay VBS liquidators R100m as search for funds drags on | BusinessA married couple has been ordered to pay R100 million plus interest to the liquidators of VBS Bank for a loan they took out in 2016 to produce half a million set-top boxes. | JanTamb News24_Business JanTamb _Business And Zuma JanTamb _Business very good , let hope the long arm of the law does not miss any fighters JanTamb _Business This has Faith Muthambi written all over.
Source: News24 - 🏆 4. / 80 Read more »