Minister of Public Enterprises Pravin Gordhan wants SAA and the business rescue practitioner of its subsidiary Mango to resolve concerns regarding a proposed sale of the low-cost airline.
This comes just weeks before the date Mango's rescue practitioner, Sipho Sono, had wanted the low-cost airline to resume operations. Sono, who was told at short notice not to attend the briefing, claims the committee was not given an accurate picture of Mango's situation. On 5 October, he provided Gordhan with responses to SAA's concerns.A deep dive into the big business story of the week, as well as expert analysis of markets and trends.
Mango was placed in voluntary business rescue in July 2021 and has not flown since. Sono wanted Mango to restart operations on 2 December 2021. However, SAA's shareholder, the Department of Public Enterprises , made it clear this could only be done if an investor bought Mango.