Millions paid to SAA consultants, rescuers
Government criticised over SAA funding
08 November 2020 - 00:00
Consultants working in the first five months of troubled state-owned airline South African Airways' (SAA's) business rescue process cost the taxpayer almost R170m.
Business Times has seen documents filed by the airline's joint business rescue practitioners (BRPs), Les Matuson and Siviwe Dongwana, with parliament's standing committee on public accounts that show that between January, when SAA's business rescue process started, and May 2020 more than R169m was paid to six consulting firms, among which was US consultancy Alvarez & Marsal Europe...
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.