(Bloomberg) South Africa has identified three equity partners for the country’s bankrupt state airline and will make a decision on which one to pick in “the next month or so,” according to Public Enterprises Minister Pravin Gordhan.
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. FILE: Public Enterprises Minister Pravin Gordhan. Picture: Eyewitness News.
47 days ago
CAPE TOWN - Public Enterprises Minister Pravin Gordhan on Wednesday said South African Airways (SAA)’s business rescue practitioners (BRPs) could not be a law unto themselves.
He said changes in the Companies Act could help hold business rescue practitioners more accountable.
On Wednesday, members of Parliament have asked the amount of money paid to SAA s business rescue practitioners - who are still in the process of completing their work.
Former Eskom CEO Brian Molefe said the real source of Eskom’s downfall was being ignored, with the blessings of President Cyril Ramaphosa and Public Enterprises Minister Pravin Gordhan.