Pravin Gordhan still calls the shots at SAA
Despite being in business rescue, the Public Finance Management Act is still in play, so some decisions need government permission
19 February 2020 - 13:26
The business rescue practitioners of SAA must still get the permission of public enterprises minister Pravin Gordhan for fundamental decisions related to the restructuring of the airline.
This is because SAA is governed by both the Companies Act and the Public Finance Management Act, which requires the permission of the executive authority for a range of transactions and decisions...
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