SAA could be Pravin Gordhan’s blueprint for other failing SOEs
If using business rescue works for SAA, compared to other turnaround options, the government might be on to something
Everyone is watching the business rescue process at SAA with tremendous interest. While very few people believe that the airline can actually be turned around, there are some valuable lessons to be learnt from the process. And, more particularly, it could be the blueprint for how public enterprises minister Pravin Gordhan and other ministers move forward with our other delinquent sate-owned entities (SOEs).
As we near the extended publishing deadline for the SAA business-rescue plan, all eyes are on the two business rescue practitioners and what they will be negotiating with the SAA creditors. But before we get there, it is worth looking at why the chose business rescue for SAA, and how this could fit into his and the president’s greater SOE strategy. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
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.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.