Majority trade unions at SAA say they have lost faith in the business rescue practitioners, who have allegedly charged exorbitant fees and have made highly questionable commercial decisions, which have worsened SAA’s financial position.
Like public enterprises minister Pravin Gordhan, the unions also oppose a wind-down of the company and want to see a business plan for a new or restructured airline. Les Matuson and Siviwe Dongwana, the company’s business Rescue practitioners, have not yet responded to a request for comment.
What about having SAA audited first? 🤣🤣🤣
Why audit an obvious thing. They did not deliver on their contract. They just need to repay they money to get people who can do the job properly.
Business rescue never works, how many companies are actually successful coming out on the other side? Business rescue practioners just find ways of looting and stealing what's left.
BPR are useless followers who there to loot also 🤔
They were silent when it was being looted.
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.
Gordhan’s SAA truce on the rocks as business rescuers want to wind downPublic enterprises minister Pravin Gordhan delivers scathing rebuke of business rescue practitioners' plan for a structured wind down Never takes the blame this one... Appointed Taxi Boss to Eskom, they both fail, but the Taxi Boss takes the blame and falls
Source: BDliveSA - 🏆 12. / 63 Read more »
SAA’s business rescue practitioners 'raked in over R30m without producing a plan'Les Matuson and Siviwe Dongwana were heavily chastised by the National Assembly’s standing committee on public accounts, Mkhuleko Hlengwa, and Public Enterprises Minister Pravin Gordhan. Hired and recommended by Pravin Gordhan to do his dirty jobs Agenda: Privatization Firstly, why were they appointed in the first place if there was no plan? I'm sure if they were connected to the man from Nkandla, the reporting wouldn't be the same. Who should be accountable for this? CoruscaKhaya I bet you its a white company who will not face any consequences. Imagine the outrage if it was Sbani sbani Sithole, Dube or Thato Business rescue Practitioners. PresidencyZA CyrilRamaphosa tito_mboweni Julius_S_Malema AdvoBarryRoux Sentletse danielmarven ThabisoTema
Source: IOL - 🏆 46. / 51 Read more »