by sundelbolong | May 28, 2020 | Business & Finance News
There is still a reasonable prospect of rescuing struggling flag carrier South African Airways if the money to do so is provided, the state-owned airline’s business rescue practitioners said in a letter to affected parties on Wednesday. In terms of the business...
by sundelbolong | May 27, 2020 | Business & Finance News
The Independent Development Corporation of South Africa (IDC) has mounted an application for Kalagadi Manganese to be put in business rescue over claims that it was struggling to pay its creditors. Documents filed in the South Gauteng High Court by the IDC, which owns...
by sundelbolong | May 27, 2020 | Business & Finance News
The business rescue practitioners of flag carrier SAA have hit out at the airline for publishing an “unvetted” statement saying some passenger flights will resume next month. SAA published a statement on its website on Monday saying it is retaining its...
by sundelbolong | May 25, 2020 | Business & Finance News
The business rescue practitioners of South African Airways are allowed to appeal a recent Labour Court judgment which found that, in the absence of a business rescue plan, the issuing of Section 189 notices commencing a consultation process over proposed retrenchments...
by sundelbolong | May 25, 2020 | Business & Finance News
Hertz car rental in southern African says its operations won’t be affected after Hertz in the US filed for bankruptcy protection. The US operations of the car rental firm filed for bankruptcy protection on Friday as the economic impact of travel restrictions...
