The original article can be found here.
Article highlights:
- Minister of Public Enterprises Pravin Gordhan wants SAA and the business rescue practitioner of its subsidiary Mango to resolve concerns regarding a proposed sale of the low-cost airline.
- Gordhan wants written approval from SAA before he considers an application for approval of the proposed sale in terms of the Public Finance Management Act.
- Mango’s rescue practitioner has met with SAA’s board and is hopeful that an updated PFMA application will be submitted to Gordhan before the end of November.
