Carol Paton Editor at large

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...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now