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MONEYWEB app instead? Saapa has accused the SAA business rescue practitioners of unfair labour practices and favouritism. 10:07  Image: Guillem Sartorio/Bloomberg As South African Airways (SAA) prepares to exit its business rescue proceedings, the SAA Pilots’ Association (Saapa) has threatened to take legal action against the airline’s business rescue practitioners (BRPs) for alleged “favouritism”and unfair labour practices. Read: INSIDERGOLD Subscribe for full access to all our share and unit trust data tools, our award-winning articles, and support quality journalism i...

Some South African Airways creditors are confused about the decision by the airline’s business rescue practitioners to ask Finance Minister Tito Mboweni for more money from the national Budget. The creditors were surprised to learn in the 2021 Budget Review that rescue practitioners Siviwe Dongwana and Les Matuson have asked Mboweni for an extra R3.5-billion to fund the restructuring of the struggling state-owned airline.  The amount is over and above the R16.4-billion that Mboweni allocated to SAA in 2020 to fully fund its business rescue process, which is more than a year old and still g...

Saapa members have been locked out of the airline since December.

MONEYWEB app instead? The airline has received 30 expressions of interest. 14:52  Photographer: Guillem Sartorio/Bloomberg A decision on the South African Airways (SAA) strategic equity partner can be expected by March this year, according to the Department of Public Enterprises (DPE). DPE director general Kgathatso Tlhakudi has steered clear of mentioning the names of the equity partners that are being considered by the department. Tlhakudi however told Parliament’s portfolio committee on public enterprises on Wednesday that the airline has received 30 expressions of interest from v...

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 p...