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SAA granted extension to publish business rescue plan - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.South African Airways has been granted an extension to the deadline on when to publish its Business Rescue Plan. Why are they constantly bailed out with tax money that could house and feed people - this is ridiculous
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EXPLAINER: What it means for SAA to be in 'business rescue'The business rescue plan must be voted on and adopted by the affected parties, which include creditors but also employees. Liquidation is the better option. If I were an SAA employee, I would have looked for a alternative five or more years ago. It contributes to SA income in tourism in which many people will attend local businesses for their needs 🚶‍♂️
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