The party said the business rescue practitioners must do so to prevent further bailouts of SAA that were desperately needed to fight the Covid-19 pandemic in SA.
“The three months for the SAA proceedings ended on March 5 2020 and the first report should already have been submitted. Lees said according to media reports, the business rescue practitioners had asked creditors for yet another extension to submit their proposed SAA business rescue plan. “However, the SAA business rescue practitioners have already had four months, which is considerably more than the period stipulated in the Companies Act and should have presented their business rescue plan to creditors on February 28 2020 before the extension to March 31 2020.”
But why kill SAA, instead of funding it transparently. The economy may grow with state being able to support and learn to compete with private.
Not surprised that DA would call for liquidation, as they want some whites to take over the aviation sector 'white monopoly '
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