The SACCA says bridging finance is available but would only be available once unions withdrew their application.
They have set a deadline of 10 am on Tuesday for the Department of Public Enterprises or management to give answers or they will go court seeking business rescue.
On Friday morning, Public Enterprises Minister Pravin Gordhan announced the sale of 51% of the national carrier to Takatso Consortium.
South African Airways (SAA) will have to overcome the stigma of being put into business rescue in its efforts to take to the skies once more, Parliament has been told.
The Department of Public Enterprises (DPE) on Wednesday briefed Parliament’s select committees on appropriations and public enterprises on how R2.7 billion will be spent on the subsidiaries.
Minister Pravin Gordhan and department officials updated Parliament’s public enterprises committee on the status of the national carrier earlier on Wednesday.
Former SAA board chair Dudu Myeni was supposed to report to Malusi Gigaba as he was Minister of Public Enterprises, but Norma Mngoma said it was the other way around.
Government has delayed much-needed funding for Mango, promising on a number of occasions that money would be paid over.
Malusi Gigaba’s estranged wife testified at the Zondo commission of inquiry into state capture, where she said Gigaba returned with bags of cash after visits to the Gupta residence.
The State Capture Commission heard the evidence of Ms Nomachule Gigaba (Norma Mngoma) on the evening of 26 April 2021. Here are the top moments of the night. #StateCapture #Gigaba #NormaMngoma
The union said its members at SAA Technical have not yet received their salaries.
Lynne Brown is back at the state capture commission on Monday, where evidence leaders are focusing on the appointment of Richard Seleke as director-general.
A plan for SAA to resume operations has not yet been agreed.
Two weeks ago, SAA issued a formal lockout notice warning nearly 400 pilots would not be allowed to access their workplace until they agreed to new terms and conditions for employment.
The business rescue practitioners (BRPs) issued a 48-hour notice on Wednesday to prevent nearly 400 pilots from accessing the company’s premises until they agreed to new employment terms and conditions.
Administrators issued a 48-hour notice on Wednesday to prevent nearly 400 pilots from accessing the company's premises until they agree to new employment terms and conditions.
The ailing airline has been working to implement its business rescue plan.
The association said the department can't use unions as scapegoats and they won't be allowing government to bully employees.
