SAA business rescue practitioners were paid R36m

  • 📰 IOL
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 51%

South Africa News News

'The business rescue practitioners have been paid in accordance with the hours worked and set down rate for business rescue,' Minister Pravin Gordhan said. SAA

Johannesburg - Public Enterprises Minister Pravin Gordhan has revealed that South African Airways business rescue practitioners Siviwe Dongwana and Les Matuson have been paid R36 million since they were appointed in December to develop a rescue plan for the troubled airline.

The minister said Matuson and Associates was paid R22 208 689 and Dongwana's Adamantem R14 002 112 as of May 26. Dongwana received R 1 996 749 and Matuson R11 469 323 to provide business rescue and restructuring consulting.

 

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

Can I become the business rescue practitioner doing nothing for 36 m more wastefull expenditure why did they just not pay the employees give them what they are due and and closed shop someone needs to explain why pay 36mil when that was the plan all a long corruption

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:

 /  🏆 46. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Consultants net millions from SAA business rescueSAA's business rescue practitioners have earned just over R36m since their appointment six months ago. Why am I not surprised! 😑 This is a joke, no? Where is Pravin? We were told he is the fixer...
Source: TimesLIVE - 🏆 28. / 59 Read more »