Public enterprises minister Pravin Gordhan and his ANC colleagues ripped into SAA’s business rescue practitioners in a parliamentary committee meeting on Friday, accusing them of incompetence, of enriching themselves, and implying that they had nefariously lined up a fire-sale of assets.
Gordhan, his officials and business rescue practitioners Siviwe Dongwana and Les Matuson briefed the standing committee on public accounts — parliament’s financial watchdog over public entities — for a tense three and half hours on Friday afternoon. The airline has been in business rescue since December 5 but the practitioners are yet to produce a rescue plan.
The ANC bankrupted SAA. Well done! Transformation succeeded! This airline once received 14 Skywards as best airline in Africa. Congratulations job well done! Don’t blame the business rescuers it’s not their fault. Maybe it’s time to own up and face reality.
Let's start here. Why was the airline placed under business rescue in the first place? Who's decision was this? What was the rationale for placing flysaa under BRP? Why are we here now? DPE_ZA cc MotsohiThabang MelusiMaposa
SAA probably should be rescued immediately from the 'business rescue team' (sic).
JohnSteenhuisen SAA Ramaphosa Why not franchise SAA Routes, SAA remains the Franchisor, collects franchise fees to recover its debt. I am convinced that a Franchise Model can be developed, allowing entrepreneurs to take to the skies. Let’s Fly SA ....
MbongeniusTolls
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Bloody showdown as Gordhan blasts SAA business rescue teamPravin Gordhan accused the rescue practitioners of incompetence and enriching themselves, having already invoiced R30m He was the captain-he must be fired this pravin Gordhan is useless. He doesn’t know what he’s doing. Overrated. If a business is not viable ito debt and profit, can it be expected - is it reasonable - is it logical - to demand that a suitable plan must be produced from the hat?
Source: BDliveSA - 🏆 12. / 63 Read more »
BREAKING NEWS: Bloody showdown as Gordhan blasts SAA business rescue teamPravin Gordhan accused the rescue practitioners of incompetence and enriching themselves, having already invoiced R30m Just another Min that can't make tough decisions.....always blame advisors or committees or commissions Yes Anc want to run is own Airline You glorify this failure. Guns blazing my foot. How can he come blazing for failure caused by himself?
Source: BDliveSA - 🏆 12. / 63 Read more »
Bloody showdown as Gordhan blasts SAA business rescue teamPravin Gordhan accused the rescue practitioners of incompetence and enriching themselves, having already invoiced R30m He was the captain-he must be fired this pravin Gordhan is useless. He doesn’t know what he’s doing. Overrated. If a business is not viable ito debt and profit, can it be expected - is it reasonable - is it logical - to demand that a suitable plan must be produced from the hat?
Source: BDliveSA - 🏆 12. / 63 Read more »
BREAKING NEWS: Bloody showdown as Gordhan blasts SAA business rescue teamPravin Gordhan accused the rescue practitioners of incompetence and enriching themselves, having already invoiced R30m Just another Min that can't make tough decisions.....always blame advisors or committees or commissions Yes Anc want to run is own Airline You glorify this failure. Guns blazing my foot. How can he come blazing for failure caused by himself?
Source: BDliveSA - 🏆 12. / 63 Read more »
Gordhan, SAA business rescue practitioners trade accusations over rescue planMPs heard from SAA's business rescue practitioners that a lack of funding severely hampered their work, while Minister Pravin Gordhan questioned their spending decisions and future objectives. They must stop acting on us Shut it down for once useless gov
Source: IOL - 🏆 46. / 51 Read more »