by sundelbolong | Jun 5, 2020 | Business & Finance News
Of the several stories that have dominated South Africa’s daily discourse over the period of the lockdown, the fate of South African Airways has been an ever present feature. With airlines grounded for the majority, its already tenuous position has become more...
by sundelbolong | Jun 3, 2020 | Business & Finance News
The existing shareholder base of Comair is likely to see substantial dilution in its proposed restructuring plan, the airline’s business rescue practitioners said during a briefing on Tuesday. JSE-listed Comair operates low-cost airline Kulula.com, as well as...
by sundelbolong | Jun 1, 2020 | Business & Finance News
A draft plan proposed by the business rescue practitioners of South African Airways calls for taxpayers to cough up about R4.6 billion more to save the debt-laden struggling national flag carrier. The draft proposal, which has been seen by Fin24, makes provision for a...
by sundelbolong | May 29, 2020 | Business & Finance News
The Johannesburg High Court has stifled the Industrial Development Corporation of SA’s (IDC) attempt to place Kalagadi Manganese under business rescue for now. According to a statement by Kalagadi Manganese, the Court stuck IDC’s urgent application off the...
by sundelbolong | May 29, 2020 | Business & Finance News
SAA business rescue practitioners have asked for another extension to provide a plan on how they expect to save the ailing state-owned airline. The BRPs were supposed to present new turnaround plan for SAA to the department of enterprises on Friday, 29 May. SAA went...
