SAA could exit business rescue in February Updated
Jacaranda FM News
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The Department of Public Enterprises believes South African Airways (SAA) could exit business rescue as soon as this month.
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The department updated Parliament’s public enterprises committee on progress made in addressing the crises at various state-owned companies on Thursday.
The department s director-general Kgathatso Tlhakudi said the decision on an equity partner will be finalised soon after the airline is out of the woods.
We are expecting that during the course of this month the business rescue practitioners should be exiting the business.
It has asked Minister of Public Enterprises Pravin Gordhan ’’to give absolute certainty that medical and vaccine storage facilities will be protected against Eskom and his governance incompetence’’.
Bain, the US-based management consultancy firm, is facing renewed pressure to come clean about the full extent of its role in bringing the SA Revenue Service (SARS) to its knees during the corrosive State Capture years.
Calls for Bain to play open cards have come over the past two years from senior government officials including Minister of Public Enterprises Pravin Gordhan, who once headed SARS, and National Treasury deputy director-general for tax and financial sector policy Ismail Momoniat.
But now Athol Williams, a former Bain partner, has accused the firm of silencing him from speaking about its work to allegedly ransack and destroy SARS under former commissioner Tom Moyane. This is because Bain launched an application at the State Capture Commission on 23 November 2020 to have half of Williams’s 700-page affidavit and annexures blocked from going public. Bain has also applied to cross-examine Williams on his evidence.
SAA
SAA s business rescue practitioners intend to oppose an urgent application on behalf of the SAA Pilots Association against them being locked out .
There has to be a compromise from all affected parties for a business rescue to be successful, according to the rescue practitioners.
The business rescue practitioners have locked out SAAPA members since 18 December.
The business rescue practitioners of South African Airways intends to oppose an urgent application being brought by the Airline Pilots Association of SA on behalf of the SAA Pilots Association (SAAPA) against them being locked out .
SAAPA plans to apply for an urgent application in the Labour Court next week to have the lockout declared unlawful or unprotected.
SAA wage proposal done in bad faith, claim unions Updated
JacarandaFM News
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The National Union of Metalworkers of South Africa (Numsa) and the South African Cabin Crew Association (SACCA) have accused the Department of Public Enterprises of mismanaging the restructuring of South African Airways.
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This follows a proposal by the airlines’ business rescuers and the department where workers will receive three months’ remuneration and a 13th cheque, but they must relinquish five months’ salary which is owed to them.
We reject attempts by the DPE and BRPs to extort money from workers and to exploit their desperation in order to deny them their remuneration,” says Numsa spokesperson Phakamile Hlubi-Majola.