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SAA Technical is one of the subsidiaries of SAA and not in business rescue. However, employees have not received their full salaries for the past 11 months. It is as yet uncertain if some of the money provided to SAA will be allowed to filter through to SAAT.  While the Department of Public Enterprises (DPE) keenly awaits the completion of the implementation of the business rescue plan of South African Airways (SAA), employees of its subsidiary, SAA Technical (SAA) are still in the dark about their future, it seems. Unlike SAA, its subsidiaries are not in business rescue and therefore fall o...

MONEYWEB app instead? Employees signed VSP agreements in August 2020. 17:02  Image: Guillem Sartorio, Bloomberg South African Airways (SAA) employees who applied for voluntary severance packages (VSP) can expect to receive their funds by the end of January, according to unions at the airline. The National Transport Movement (NTM) and South African Transport & Allied Workers’ Union (Satawu) have told their members that the R10.5 billion required to fund the SAA business rescue plan and to pay for the VSP has now been made available to the airline’s rescue practitioners from the Dep...