Business rescue practitioners
SAA BRPs cannot be law unto themselves, says Gordhan
Minister Pravin Gordhan said changes in the Companies Act could help hold business rescue practitioners more accountable.
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Numsa, SACCA head to court over unpaid SAA salaries
The unions want the court to compel the Public Enterprises Department and the airline's business rescue practitioners to pay over three months' deferred salaries.
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Cabinet lauds progress made by SAA BRPs as workers continue salary protests
Unions have slammed the officials for failing to prioritise workers’ livelihoods as they work to implement their rescue plan.
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Numsa approaches court to prevent Comair BRPs from proceeding with retrenchments
The union claims it's unlawful and unfair.
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Numsa, Sacca feel vindicated by latest ruling on SAA retrenchments
Business rescue practitioners at the troubled airline wanted the court to set aside a court decision to halt retrenchments at SAA until a business rescue plan is adopted.
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SAA BRPs tell court to lift interdict on retrenchments as plan not published
The practitioners said that due to a lack of cash flow for SAA and with no cash injection coming from government or potential investors, the whole rescue process would fail.
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Cosatu calls on Edcon BRPs to exhaust all avenues before retrenching workers
Ina desperate bid to save one of the country’s largest clothing retailers, 22,000 employees were served with retrenchment notices.
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Comair BRPs ask creditors for short extension for publication of rescue plan
They had originally aimed to publish the plan next Tuesday but have asked for this to be extended until 23 June.
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Flight mode on: Govt agrees to fund SAA rescue, says draft plan
The draft plan said the government had agreed to make a working capital injection, which the administrators estimated at not less than R2 billion, fund employee layoffs
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SAA’s BRPs ask for another extension to finalise rescue plan
This will be their fourth extension since taking charge of the embattled airline since December last year.
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SAA's business rescue practitioners accused of wasting taxpayers’ money
The criticism comes after Siviwe Dongwana And Les Matuson's decision to appeal the Labour Court's ruling, preventing their plans of cutting jobs at SAA from going ahead.
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SAA’s BRPs to produce plan for airline by next week: Dept of Public Enterprises
It's supposed to detail how government will form a new airline from the ruins of SAA, which will be shutdown.
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SAA may have to apply for liquidation, says business rescue practitioners
SAA said it didn’t have enough money to continue paying salaries beyond this month.
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COVID-19 outbreak contributed to SAA’s financial problems: BRPs
The national carrier relied on government bailouts for years to stay afloat, however this week, it failed to secure funding from the Public Enterprises Department.
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SAA BRPs to enter talks with employees over retrenchments
SAA's business rescue practitioners said that the consultations were imminent and all recognised unions had been informed.
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Labour unions prepare to present alternative plans to save SAA
In its plan, Satawu, which represents workers at SAA Technical, proposes that the airline should explore equity partnerships, which must include employee cooperatives.
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SAA business rescue plan to be published at end of March
The plan was expected to be published before the end of next week Friday.
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NTM calls for SAA’s rescue plan to be published without delay
The National Transport Movement said the plan should be released so that the airline’s employees could find closure.
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SAA's move to axe Durban route amounts to economic sabotage - Zikalala
KwaZulu-Natal Premier Sihle Zikalala has lambasted the move, saying it did not make sense.
