for subscribers

Has SAA's rescue plan become unimplementable?

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
0:00
play article
Subscribers can listen to this article
The question then again arises if the business rescue plan can be implemented and if a liquidation of the company is the only way out.
The question then again arises if the business rescue plan can be implemented and if a liquidation of the company is the only way out.
Gallo Images/Jacques Stander

The rescue practitioners of South African Airways (SAA) could still end up having to say that the state-owned airline's rescue plan is not financially viable anymore and unimplementable.

Then they would be forced to liquidate the airline because the business rescue process could not serve its purpose anymore, said Gideon Slabbert, a business rescue practitioner at Turnaround Rescue Solutions

That was why, in his view, the core question of SAA's business rescue process currently should be whether it still made sense.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
ZAR/USD
15.09
(-0.16)
ZAR/GBP
21.02
(-0.23)
ZAR/EUR
18.22
(-0.19)
ZAR/AUD
11.62
(-0.25)
ZAR/JPY
0.14
(-0.54)
Gold
1734.50
(+0.02)
Silver
26.67
(+0.05)
Platinum
1186.51
(+0.42)
Brent Crude
64.40
(-2.56)
Palladium
2310.00
(+0.58)
All Share
66138.05
(-1.99)
Top 40
60754.30
(-2.11)
Financial 15
12200.05
(-1.09)
Industrial 25
86144.34
(-0.81)
Resource 10
67459.85
(-4.14)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, and I've gotten it.
21% - 1028 votes
No, I did not.
52% - 2566 votes
My landlord refused
28% - 1380 votes
Vote