News Formal

All eyes now on Gordhan to clear Mango sale for takeoff | Business

  • 📰 News24
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 80%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The business rescue practitioner of Mango, Sipho Sono, is hopeful that Minister of Public Enterprises Pravin Gordhan will approve the sale of the low-cost airline 'imminently'. | News24_Business

The business rescue practitioner of Mango, Sipho Sono, is hopeful that Minister of Public Enterprises Pravin Gordhan will approve the sale of the low-cost airline"imminently".

Sono says in his latest business rescue report to creditors that he and SAA have resolved issues raised by the latter regarding the sale. This resulted in an updated application for approval of the sale in terms of the PFMA submitted to Gordhan at the end of November.A deep dive into the big business story of the week, as well as expert analysis of markets and trends.

If the proposed sale fails, Sono will implement a wind-down process already incorporated in Mango's adopted business rescue plan.

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:

 /  🏆 4. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

_Business Sipho, sounds like, jomos litjie. Money stays with money

_Business Pravin is resting

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Donald Trump's family business convicted of tax fraud in New York | News24Donald Trump's family business was found guilty of tax fraud by a New York jury Tuesday, dealing a blow to the ex-president as he eyes the White House again.
Source: News24 - 🏆 4. / 80 Read more »