Former SAA Technical board chair and SAA board member Yakhe Kwinana resumes her testimony at the Zondo commission into state capture where she is being questioned on matters to contracts during her time on the SAA board.
Evidence before the state capture commission showed that Swissport was opposed to a 30% BEE deal that would see it losing R90 million of its annual earnings from SAA.
SAA is not the only state-owned enterprise (SOE) that will get funds from the fiscus. Various SOEs will be funded to the tune of more than R20 billion over the next few years.
SAA said that it had received offers from investors, private sector funders and future partners who wanted to kick-start the restructured airline.
It was unclear who the potential entities were who had shown interest in the troubled national airline.
The DPE said all conditions for the business plan were met and implemented, and it was now in the final stages to complete the process.
In a statement on Wednesday, the Department of Public Enterprises said that backing the plan by the BRPs would result in a better return for all parties compared to liquidation.
SAA's business rescue practitioners are under pressure to raise enough money to pay severance packages to the national carrier’s 4,708 employees.
Myeni was testifying in her delinquency case on Thursday brought against her by the Outa and SAAPA.
Former South African Airways board chair Dudu Myeni on Thursday denied that during her tenure at the airline, she would frequently give instructions to the entity's executives and the board.
Former SAA board chairperson Dudu Myeni testified in her delinquency case brought by the Organisation Undoing Tax Abuse (Outa) and the South African Airways Pilots' Association.
Former South African Airways (SAA) board chairperson Dudu Meyeni has failed to attend proceedings, saying that she did not have the financial means to do so.
The vetting process came into focus in 2016 when some senior managers complained that the information they had provided was being used against them.
Public Enterprises Minister Pravin Gordhan told Scopa and the portfolio committee on Public Enterprises that the liquidation of SAA would not have been a viable option as this would have led to job losses.
Public Enterprises Minister Pravin Gordhan said that the national carrier had the undesirable honour of being the first SOE to be placed into business rescue.
Former SAA board chairperson Dudu Myeni has cited poverty as a reason not to attend proceedings.
Numsa and Sacca, the two key unions at the airline, approached the court to apply for an interdict against retrenchments without sufficient consultation.
Unions Numsa and the South African Cabin Crew Association approached the Labour Court to interdict the airline from cutting jobs.
