Nearly three years and numerous government-imposed delays later, South African Airways’ sale of budget airline Mango to a private entity is set to proceed, paving the way for a potential return to the skies.
Its business rescue practitioner , Sipho Sono, had already published a plan to save the airline — once a bright spot in SAA’s gloomy financial statements — by November 2021. After the buyer furnished the necessary bank guarantee for the full purchase price, the Department of Public Enterprises was asked to urgently approve the purchase, in line with the Public Finance Management Act .
Gordhan applied for leave to appeal the ruling, which was dismissed by the Supreme Court of Appeal on Friday, 15 March 2024.
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