SAA liquidation put on hold, says government
The parties agree to work towards a “national asset which is internationally competitive, viable, sustainable and profitable”
25 April 2020 - 20:28
SAA’s business rescue practitioners have agreed not to consider liquidating the ailing state-owned airline and suspend consultations about the structured wind down proposal that includes culling the entire workforce, government said on Saturday.
The department of public enterprise said the decision was based on a briefing to the practitioners, Les Matuson and Siviwe Dongwana, on the work being done by what it referred to as “leadership consultative forum” chaired by public enterprise minister Pravin Gordhan and involves representatives of unions at the airline as well as non-unionised members...
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