SAA Business Rescue: Government now calling the shots
23 January 2020
We are witness, in the post-ANC Lekgotla comments, to the usual raft of contradictory statements and half-measures that aim to fix the unfixable.
Now the government, in response to the three scenarios presented by the SAA Business
Rescue Team has opted to restructure and retain the failed national airline.
Section 150 of the Companies Act requires that the business rescue plan be published by the company within twenty five days after the date on which the business rescue practitioner was appointed.