Gordhan said the two business rescue practitioners shared a total of R30m between them for a period of four months as their fee.
Gordhan said government had since employed the services of an aviation expert company to chart a way for a new airline to replace SAA. He said labour union representatives at SAA had participated in one or two technical workshops in designing a future airline and making a contribution.“What we require as an outcome of this process is a viable airline, retaining as many workers as we could and retaining as many jobs as we could, which is quite important in the current economic context and making the airline non-reliant on the fiscus,” he added.
Source: News Formal (newsformal.com)
With OUR TAX MONEY! OR IS THE FOLLOWING ALSO YOUR PHILOSOPHY? South Africa's FU Government ,read. The money government has doesn’t come from people or businesses, it comes from taxes. Not people and businesses
Kahle kahle then why are these BRP blamed for what they have presented, a draft plan? They can't give a final plan coz they aren't owners! Even Min of Basic Education has been presenting draft plans for schools to resume duties!!
pravingordhan That only comes when it has been established that there was something to save. And money to execute a savings plan. Part of that plan might include management changes. But, if it determined that company cannot be saved, it will be liquidated. That should be SAA.
Is this another PatriciaDeLille chicken fence scenario where government appoints a service provider but do not set out the specs required. More money down the drain. Well done treasurySA Or do you guys not simply give a damn what damage you do!
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Gordhan, SAA business rescue practitioners trade accusations over rescue planMPs heard from SAA's business rescue practitioners that a lack of funding severely hampered their work, while Minister Pravin Gordhan questioned their spending decisions and future objectives. They must stop acting on us Shut it down for once useless gov
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Cash-strapped SAA spends R10-bn of state bailout in four monthsThe troubled national airline, which has not made a profit since 2011 and is dependent on government bailouts to remain solvent, entered business rescue in December in a last-ditch bid to save the company. Privatise or pull the plug completely. SAA. Our pride. The dignity of the nation.
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SAA unveils losses ranging in the billionsSAA’s financial statements, which will be presented to parliament on Friday afternoon — more than two years late, reveal substantial losses of R5.5bn in 2018 and R5.1bn in 2019. WHERE DID THE MONEY GO TO? IS THAT DIFFICULT TO TRACE? DIDNT THEY MAKE RECEIPTS AS PROOF FOR EVERY TRANSACTION MADE DURING THAT TIME? WHAT DOES AUDITORS REPORT SAY? Wat has Pravin been doing there kanti because those Jets don't fly empty? But they said Pravin is fixing things?
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Truce reached over SAA rescue plansPublic enterprises given until June 30 to come up with alternative plan after rejecting previous suggestions that involved eliminating jobs and winding down the airline As long as no taxpayers money is used to rescue what the ANC destroyed... CyrilRamaphosa PresidencyZA ... MYANC ... You could extend it until 30 June 2099 and you STILL will not be able to turn the bottomless swamp that is SAA into a profitable airline. So what now? force all other airlines to combine into one airline and drive them all into bankruptcy together? make the corrupt even richer?
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Gordhan, SAA business rescue practitioners trade accusations over rescue planMPs heard from SAA's business rescue practitioners that a lack of funding severely hampered their work, while Minister Pravin Gordhan questioned their spending decisions and future objectives. They must stop acting on us Shut it down for once useless gov
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