has been granted an extension to the deadline on when to publish its Business Rescue Plan. The extension was requested by the Business Rescue Practitioner, Les Matuson.
Earlier this month the government put SAA into business rescue – a form of bankruptcy protection where a specialist advisor takes control of a company to restructure it – after a strike exacerbated financial problems and left it at risk of going bust. “SAA leases most of the aircraft and accordingly in liquidation, there will be limited assets which can be realized for distribution to creditors,” the rescue specialists noted in their statement.While their decision is a vote of confidence in SAA – once Africa’s biggest airline and a former source of patriotic pride- its future remains unclear, as does how many jobs can be saved.
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:
Why are they constantly bailed out with tax money that could house and feed people - this is ridiculous
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mangaung Metro placed under administration - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The Free State government has placed the troubled Mangaung Metro, which includes Bloemfontein, under administration This must be a lesson to the proletariat to never place their trust to the bourgeoisie, they need not be misled by billions and millions, they splash, funding their campaigns, bourgeoisie and their parties, know no other interests beyond their own. Ace Magashules legacy Ace must be so proud!!! The ANC delivers!!!!!
Source: SABC News Online - 🏆 32. / 51 Read more »
'Beast' joins Washington's Old Glory - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Former South Africa prop Tendai Mtawarira is joining Washington’s Old Glory DC in the fledgling Major League Rugby in the United States, he said.
Source: SABC News Online - 🏆 32. / 51 Read more »
Tunzi responds to hate messages - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Miss Universe Zozibini Tunzi says the hate messages some people have been posting about her on social media will only serve to deepen her self-worth. LouisMarchTO main reasons Africa Beaches are full of Foreigners.
Source: SABC News Online - 🏆 32. / 51 Read more »
MTN South Africa's mobile money service to go live in Jan 2020 - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.MTN’s mobile money service will go live in January in South Africa, allowing customers to send, receive, save money and pay for goods using their mobile phones, the mobile operator said on Wednesday.
Source: SABC News Online - 🏆 32. / 51 Read more »
England add cover to squad hit by illness in South Africa - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.England added two bowlers to their squad on Friday after illness struck the camp less than a week before the first test against hosts South Africa, the England and Wales Cricket Board said. I guess the zoomed in map was broken... Or you just REALLY wanted to show the weather man's entire outfit off.
Source: SABC News Online - 🏆 32. / 51 Read more »