LETTER: SAA staff is suffering due to state inaction
Did the SAA business rescue practitioners ever intend to follow the full requirements of chapter 6 of the Companies Act?
19 May 2020 - 16:44
Friday’s standing committee on public accounts meeting with public enterprieses minister Pravin Gordhan, and the SAA business rescue practitioners, Les Matuson and Siviwe Dongwana, was a clear indication that the minister will do everything in his power to protect the SAA “Spruce Goose” project from liquidation.
Despite a decade of losses — R10bn in the past two years alone — and a virtual collapse of the international airline industry, the minister maintains that it is possible for SAA to rise like a phoenix from the ashes to become an efficient, well managed and profitable state-owned airline...
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