The business rescue practitioner (BRP) of low-cost airline Mango says he is proceeding with selling the airline after public enterprises minister Pravin Gordhan failed to meet a deadline set by the high court to make a decision on the proposed sale as required by the Public Finance Management Act.

The rescue practitioner, Sipho Sono, said in his latest business rescue report that he had written to the minister on January 31 informing him he assumed the approval had been granted in terms of the act as per the court order...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.