The Democratic Alliance (DA) on Tuesday called on South African Airways’ (SAA) business rescue practitioners (BRPs) to immediately release the long-overdue business rescue plan for the airline.
Government, creditors, and unions were expected to vote on a final business plan last week to save the debt-ridden airline. However, unions at SAA asked for an extension, saying they wanted to engage further on the plan.
That extension was granted.
The BRPs were meant to publish their rescue plan on Monday.
“It is not surprising that there is still no sign of a business rescue plan despite the expiry of the 15 June 2020 extension the court granted the BRPs at the eleventh hour on 8 June 2020.
“The continuous delays and missed deadlines make a complete mockery of the entire process. It also reaffirms suspicions that the BRPs were never in control of the process because it was intercepted by political meddling,” said DA MP Alf Lees.
-EWN
In other news – I’m going to do a BOOB job – Actress Linda Mtoba not happy with how her BOOBS look
Actress Linda Mtoba has opened up about her journey to motherhood and the societal pressures of getting back into shape shortly after having her baby. The actress welcomed her baby girl in October last year and has been on cloud nine ever since.
However, in an interview with Bona magazine, Linda got candid about how she was expected to quickly return to the way she looked before having a baby. continue reading
