Business rescue practitioner says SAA can be saved - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Business rescue practitioner says SAA can be saved via SABCNewsOnline

Matuson has been roped in to try and pull the state-run carrier back from the brink of collapse. His team contends that rescuing SAA would be a better outcome for all stakeholders than a liquidation.

Matuson says in an event of liquidation of SAA, proceeds would all go to certain creditors at the expense of others.The government handed SAA another R4 billion at around the same time that Matuson was appointed as a business rescue practitioner.

 

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Until when?

Yeah uproot corruption first ✊

He will have to get rid of the quotas and appoint people on competence

Don’t all BRP’s say that and milk you a lot of money until they can’t.

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