ARTICLES RELATING TO BUSINESS RESCUE

What now for R1.1bn settlement SAA has with Comair?

2019-12-09 16:06

In February the flag carrier, which is now in business rescue, agreed to pay Comair R1.1bn plus interest in a legal settlement deal.

Ramaphosa: We will take drastic steps to save state companies - just look at SAA

2019-12-09 08:34

The president, in his weekly newsletter, says the state will not allow state-owned entities to fail and would take 'all necessary steps – even drastic ones – to restore them to health'.

Union wants ex SAA chief on board during business rescue

2019-12-07 09:45

Former SAA CEO Vuyani Jarana and business rescue practitioner Cloete Murray should be engaged in the business rescue process of South African Airways, says the union Solidarity.

Air transport is a key industry, and SAA has a big impact, says industry body

2019-12-06 05:00

There is a high level of co-dependence across SA's aviation industry, with SAA playing a big role, says the Airlines Association of Southern Africa.

Ferial Haffajee: Why Pravin Gordhan’s patriotism call to fly SAA flopped

2019-12-05 14:54

It seems the one thing government has become better at, is taking our money, says Ferial Haffajee.

ANALYSIS: SAA's collapse going according to plan for Ramaphosa

2019-12-05 11:20

Developments at SAA, the country’s withering national carrier, seem to be going according to plan for President Cyril Ramaphosa. The decision to put it under voluntary business rescue creates distance between the president and the inevitable trauma that surely lays ahead at one of the world’s oldest airlines.

SAA placed in business rescue from today

2019-12-05 06:41

Government will give SAA R2 billion - but it isn't a bailout

Group Five creditors choose business rescue over liquidation

2019-09-11 19:13

The majority of creditors of construction and engineering company Group Five, have voted in favour of the business rescue plan proposed by practitioners overseeing the process.

More woes for Group Five as auditor resigns

2019-07-03 15:34

Group Five's external auditor PwC has resigned from the construction company, which is in business rescue.

Group Five is still in trouble, but it will finish the Nelspruit High Court, a Stellenbosch University addition, and water projects for Pretoria and Durban anyway

2019-06-13 14:32

Group Five's business rescuers say they secured the money to finish some projects, including the giant Temba water purification plant for Tshwane and a sewage pumping scheme for eThekwini.

 

What now for R1.1bn settlement SAA has with Comair?

2019-12-09 14:03

In February the flag carrier, which is now in business rescue, agreed to pay Comair R1.1bn plus interest in a legal settlement deal.

The man in charge of SAA’s business rescue once had to sort out SA’s biggest company failure - here’s how that worked out

2019-12-07 12:14

Les Matuson managed the business rescue of Ellerines five years ago.

Two fellow unions at SAA back Solidarity in business rescue application

2019-12-06 06:30

The National Union of Metalworkers of SA and SA Cabin Crew Association say the flag carrier's decision to file for voluntary business rescue on Thursday is "insincere" and an attempt to "retain control by the board".

Business rescue practitioner appointed for SAA

2019-12-05 18:31

South African Airways has gone into voluntary business rescue and has now appointed a business rescue practitioner.

Role of business rescue practitioner to take centre stage at SAA

2019-12-05 13:24

The struggling airline says its board took the "considered and unanimous" decision to create a "better return for the company’s creditors and shareholders".

SAA in business rescue: What it means and its odds for survival

2019-12-05 07:44

In theory, government now loses all say over SAA.

Well-known wine company in business rescue

2019-11-01 11:47

The Simonsvlei wine company, situated on the R101 near Paarl, has been placed in business rescue, industry body Vinpro confirmed to Fin24 on Friday.

Group Five business rescue expected to save up to 3 500 jobs

2019-09-02 20:57

Group Five's business rescue plan will be executed in two phases and potentially save 3 000 to 3 500 jobs - but a large number of retrenchments are still expected, say business rescue practitioners.

Group Five insists business rescue plan on track

2019-06-20 20:41

Group Five is seeking an extension for the publication date of its business rescue plan, as it insists that the process "remains on track".

Once proud construction company Group 5 says a fire sale of its assets is now the only option

2019-04-12 16:20

Group Five's business-rescue controllers say there is no other way left to save the company other than to sell "a number of different assets" – fast.

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