Government to oppose court application against SAA business rescue plan
The Department of Public Enterprises says it will oppose a court application by SA Airlink which seeks to have South African Airways (SAA) placed under provisional liquidation and wants to interdict the business rescue practitioners (BRPs) from convening a creditors meeting to vote on a business rescue plan for the national carrier.
In a statement on Monday, the department said it is is also aware of plans by the National Union of Metalworkers of South Africa and the South African Airways Cabin Crew Association to interdict the creditor’s meeting through the courts.
Clement Manyatela spoke to the department's acting director-general Kgathatso Tlhakudi to find out more.
We understand that Airlink is displeased firstly with the business rescue process itself, in terms of how the business rescue practitioners have run it. They are also displeased with the conduct of government on the decisions they are of the view should have been made with regard to the future of SAA which according to them - it should have been liquidation instead of business rescue.Kgathatso Tlhakudi, Acting director-general - Department of Public Enterprises
This has definitely come through as quite as a surprise ... they had plenty of opportunities to raise the concerns that they had.Kgathatso Tlhakudi, Acting director-general - Department of Public Enterprises
Click on the link below to hear more....
The video shows law enforcement officials evict a naked man from his Empolweni home in Khayelitsha.Read More
Health Minister Zweli Mkhize announced on Wednesday that the total number of tests conducted to date is 1.666,939.Read More
President Cyril Ramaphosa in a virtual imbizo called on all South Africans to join in the fight against COVID-19, with infection levels expected to peak.Read More
Educational psychologist Malan van der Walt says there is added challenge of being in a hostile home environment during lockdown.Read More
The ILEX Genehecker donated to the institution by Gift of the Givers will allow better turnaround time.Read More
Bush, who is a human potential and parenting expert, says one can view disruption as a doorway to new possibilities.Read More
The party's national executive committee meeting took place over the weekend.Read More
The South African Medico-Legal Association recently surveyed a group of doctors in the Western Cape.Read More
Inclusive and Affirming ministry director Ecclessia de Lange reflects on the bill being passed into law.Read More
The nation will be able to talk to the president about the problems they're facing as well as have an opportunity to offer solutions.Read More