by Bernadette | 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 Bernadette | 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 Bernadette | May 31, 2020 | Business & Finance News
The Covid-19 crisis has provided an opportunity for government to reform its state-owned enterprises, so much so that President Cyril Ramaphosa is optimistic about the future of troubled entities SAA and Eskom. During an address to the South African National...
by Bernadette | 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...
by Bernadette | 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...
