Mango Employees to be Prioritized for Jobs as Airline is Revived

Mango employees who were sent home during the business rescue process will be the first in line for jobs when it is revived. Sipho Sono, the business rescue practitioner (BRP) in charge of executing low-cost state airline Mango’s business rescue plan, is hopeful that with Public Enterprises Minister Pravin Gordhan’s departure from politics, which was announced last week, his strange resistance to the sale of Mango will also vanish.

Mango is a subsidiary of South African Airways (SAA), which is involved in a controversial sale agreement with the Takatso Consortium for 51% of its shares. Sono says there is no logic to Gordhan’s fight against the sale, since both SAA and Takatso have indicated that they are not interested in operating a low-cost airline

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Mango's business rescue practitioner hopeful for sale approval with Gordhan's departureSipho Sono, the business rescue practitioner (BRP) in charge of executing low-cost state airline Mango’s business rescue plan, is hopeful that with Public Enterprises Minister Pravin Gordhan’s departure from politics, which was announced last week, his strange resistance to the sale of Mango will also vanish.
Source: Moneyweb - 🏆 5. / 77 Read more »