JOHANNESBURG - Minister of Public Enterprises P ravin Gordhan has said that the next best option for e mbattled state-owned South African Airways is to be placed into business rescue.
Alf Lees MP - DA member of the standing committee on public accounts - said that the Democratic Alliance was pleased by Gordhan's decision. Lees said in a statement, " The DA has long held that business rescue was the only viable option to prevent SAA from placing any further burden on our ailing economy and the taxpayer. It is very unlikely that the application for business rescue for SAA will be conceded to unless there is a further bailout, presumably amounting to R2 billion, from the South African taxpayer in order to provide the working capital required to enable SAA to continue trading.
Then the DA is more stupid than I thought. Business rescue only works when there's reasonable prospects of turning things around. SAA has already crashed, so there's nothing to rescue
If crooks like you and Julius are still running lose and able to point fingers at others who you suspect to have committed wrongs like you committed crimes then yes there is no president there and no judiciary
If they are pleased. We are suspicious
WeleSeg Very few people will remember that the NP in its last dying days flirted & then entered into a marriage of convenience with the ANC. I see the same here in not so distant future for these strange bedfellows.
The belief that selling our SOEs to foreign investors will reduce our Government debt is false. Selling SOEs to foreign investors will increase gov debt. Here’s why:
WHO is pleased?
Can it be that afriforum “convinced”Luthulihouse ?
Of course they will be, it’s been their tune for over a decade akere
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.
BREAKING NEWS: SAA to take business rescue routeBusiness rescue is the only viable route to address the airline's 'dire situation', says presidency Very good news. Say it, it's privatization 😏 Another resounding ANC success
Source: BDliveSA - 🏆 12. / 63 Read more »
SAA to go under 'urgent' business rescueSouth African Airways must urgently go into voluntary business rescue, President Cyril Ramaphosa has ordered. Finally Pravin Jamnadas Gordhan is to blame, busy collapsing our SOEs for his WMC to salvage the carcass.. Sembi. Yikes.
Source: TimesLIVE - 🏆 28. / 59 Read more »