When the union attempted to bring a similar application earlier, Public Enterprises Minister Pravin Gordhan held a meeting with it to discourage such a move.
If the airline is placed under business rescue, it could be put under some form of curatorship and have its management changed. The head of the Solidarity Research Institute Corné Mulder says, “If we continue on the current route, it’s almost inevitably on its way to failure. The financials are extremely dire and we are saying it’s very late in the day, but there’s still a chance although that window is closing. If we don’t do something radical to turn it around now, then there will not be an airline.”
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:
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.
Africa encouraged to prioritise digital technologies - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Experts on agriculture say digital technologies could be a game changer for Africa, but only if policies are well aligned to ensure these technologies are put in the hands of smallholder farmers.
Source: SABC News Online - 🏆 32. / 51 Read more »
World’s first Koesister Day - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The first World Koesuster Day is being celebrated on Sunday. The koesister, a doughnut with its origins in the Cape Malay community, is traditionally eaten on a Sunday morning.
Source: SABC News Online - 🏆 32. / 51 Read more »
Mabuza hails SAPS officers - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Deputy President David Mabuza has reiterated that an attack on a police officer, is an attack on South Africa. He delivered his Keynote Address at the Annual South African Police Service Commemoration Day at the SAPS Memorial site in Pretoria.
Source: SABC News Online - 🏆 32. / 51 Read more »