Government puts troubled SAA on business rescue

Government has placed the embattled SAA on business rescue.

"In this regard, SAA will have to urgently go into voluntary business rescue. This is the only viable route open to the government to avoid an uncontrolled implosion of the national airline. Explaining how the decision was taken, he said:"His excellency President Cyril Ramaphosa has directed me to inform all members of the executive of the urgent need to change the approach adopted by the cabinet in regard to addressing the dire situation in which SAA finds itself.

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SAA can't be saved, says Free Market FoundationThis follows the announcement that the airline will be undergoing 'radical restructuring aimed at ensuring operational and financial sustainability. Please tell NUMSA Yes it can not be saved because you want to auction it to your friends and relatives Even a white person with white hair cannot save it
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