The rescue of SAA — even though it has not fully run its course — is already an expensive failure.

With R5.5bn spent running the business since December, there is no rescue plan on the table, employees — except for SAA’s top and senior management — are now going unpaid and millions in fees have flowed to the business rescue practitioners, lawyers, aviation consultants and accounting firms...

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 articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now