Unions want SAA business rescue team audited

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

South Africa Headlines News

The business rescue practitioners have allegedly charged exorbitant fees and made questionable commercial decisions, unions say

Majority trade unions at SAA say they have lost faith in the business rescue practitioners, who have allegedly charged exorbitant fees and have made highly questionable commercial decisions, which have worsened SAA’s financial position.

Like public enterprises minister Pravin Gordhan, the unions also oppose a wind-down of the company and want to see a business plan for a new or restructured airline. Les Matuson and Siviwe Dongwana, the company’s business Rescue practitioners, have not yet responded to a request for comment.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

What about having SAA audited first? 🤣🤣🤣

Why audit an obvious thing. They did not deliver on their contract. They just need to repay they money to get people who can do the job properly.

Business rescue never works, how many companies are actually successful coming out on the other side? Business rescue practioners just find ways of looting and stealing what's left.

BPR are useless followers who there to loot also 🤔

They were silent when it was being looted.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

‘SAA 2.0’: New deal provides a lifeline - The Mail & GuardianAirline brought back from the brink as rescue practitioners and Gordhan agree to work on a rescue plan by the end of June Former Union Airlines ... established in the mid 1920’s ... been a struggle of late. Real pioneers ... And what are the 2 months going to cost SA's taxpayers ? Fire the BRP and demand repayment
Source: mailandguardian - 🏆 2. / 92 Read more »

Gordhan’s SAA truce on the rocks as business rescuers want to wind downPublic enterprises minister Pravin Gordhan delivers scathing rebuke of business rescue practitioners' plan for a structured wind down Never takes the blame this one... Appointed Taxi Boss to Eskom, they both fail, but the Taxi Boss takes the blame and falls
Source: BDliveSA - 🏆 12. / 63 Read more »

GHALEB CACHALIA: Post-Covid-19 scenario should involve SAA and Alexkor’s liquidationRegardless of whether one agrees with the dubious concept of a developmental state, SOEs would be key to any developmental agenda, and SA's have failed On auction: airline, proudly built up by hard working ethical people, destroyed by incompetent corrupt greedy cadres under the BEE guise.
Source: BDliveSA - 🏆 12. / 63 Read more »

You will keep paying for SAAYou will keep paying for SAA - because the government is the airline’s biggest creditor, it could oppose the closure of the airline, meaning it will continue to limp on, funded by frustrated taxpayers. CoruscaKhaya Crystal truth We're not selling our SOEs There is a way for South African taxpayers to crush SAA permanently. Boycott the airline, fly with any airline but SAA. Travel agents refuse to sell their tickets. Businesses only deal via payments in advance. This madness cannot continue PresidencyZA
Source: City_Press - 🏆 7. / 72 Read more »

Mboweni must reverse decision not to increase public servants’ salaries, say unions“We expect him to pay the workers what he stole from them” – Trade unions are calling on Finance Minister Tito Mboweni to reverse his stance on not increasing public servants’ salaries when he delivers his speech on his emergency revised budget next month 'Stole'? We live in interesting times. What about public servants not delivering on their job responsibilities ! Our biggest tax bill is government employees , they are overstaffed with friends and family of the corrupt Politician's ! This can not continue ! Who is misleading us here, City press or Trade unions? Why are they not opening a case if he indeed stole the money?
Source: City_Press - 🏆 7. / 72 Read more »

SAA’s business rescue practitioners 'raked in over R30m without producing a plan'Les Matuson and Siviwe Dongwana were heavily chastised by the National Assembly’s standing committee on public accounts, Mkhuleko Hlengwa, and Public Enterprises Minister Pravin Gordhan. Hired and recommended by Pravin Gordhan to do his dirty jobs Agenda: Privatization Firstly, why were they appointed in the first place if there was no plan? I'm sure if they were connected to the man from Nkandla, the reporting wouldn't be the same. Who should be accountable for this? CoruscaKhaya I bet you its a white company who will not face any consequences. Imagine the outrage if it was Sbani sbani Sithole, Dube or Thato Business rescue Practitioners. PresidencyZA CyrilRamaphosa tito_mboweni Julius_S_Malema AdvoBarryRoux Sentletse danielmarven ThabisoTema
Source: IOL - 🏆 46. / 51 Read more »