The main concern for travel insurers is that SAAs’ risk outlook and potential bankruptcy is worsening. Image: Shutterstock
By law, trade unions are not required to have a seat at the table during the selection of a business rescue practitioner, according to business rescue experts, meaning their fight to ensure inclusion in the process of selecting South African Airways’ practitioner may be in vain. SAA spokesperson Tlali Tlali said: “The Companies and Intellectual Property Commission has processed the appointment of the business rescue practitioner, Les Matuson from Matuson Associates in South African Airways’ voluntary business rescue process.”Spokesperson for the department Sam Mkokeli said that although the department was not a part of the selection process, they were “fully behind the decision”.
Smuts said it would have been an honour if he was chosen to do the job but he would not have opted to do it alone.
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VijayShadean Greedy unions can't be part of anything positive
Thats so good ........
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