WebJul 28, 2024 · South African Airways (SAA) business rescue practitioners, on Tuesday 28 July, released a statement saying that conditions outlined in the business rescue plan have been fulfilled by... WebDec 3, 2024 · Since then, SAA has agreed to make an equity injection of just over US$45 million and surrender its shareholding to the South African Government. Given SAA is a state-owned airline, not much is really changing there. The amended rescue plan reveals what Mango owes . The amended business rescue plan reveals Mango owes SAA …
SA Airlink wants to sink SAA business rescue proceeding...
WebMar 29, 2024 · The State Administrative Agency (SAA) is the only entity eligible to apply for and submit the application for the Homeland Security Grant Program (HSGP) and its … Webcommencement of any retrenchment process during business rescue proceedings”. Section 136(1)(b) required that any need to retrench had to be rooted in the business rescue plan. [12] The Court found no provision in s 136(1) or in Chapter 6 of the Companies Act that empowered a business rescue practitioner to retrench employees in the otto i duke of carinthia
Mystery of SAA’s request for more money vexes creditors
WebJul 14, 2024 · The Department of Public Enterprises (DPE) welcomes the vote in favour of a business rescue plan for South African Airways (SAA) and applauds creditors and all … WebApr 26, 2024 · Business Rescue Plan and Notices. 1. Notice of Publication of the Business Rescue Plan – South African Airways SOC Limited. 2. South African Airways SOC Limited Business Rescue Plan. 3. Annexure … WebApr 12, 2024 · Renewed Focus Sets SAA Technical On Recovery Path. The pandemic period created challenging conditions for MROs in Africa, including at South African Airways Technical, but the disruptions that played out led to a sharper focus on revamping the business. Wellington Nyuswa, interim chief executive at South African Airways … rocky hedge farm instagram