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SAA must be put under business rescue - DA

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SAA chairperson Dudu Myeni
SAA chairperson Dudu Myeni

Cape Town - The stalemate between Finance Minister Pravin Gordhan and South African Airways (SAA) chairperson Dudu Myeni is rapidly driving the national carrier to total collapse and this cannot be allowed to happen, said the Democratic Alliance (DA) on Tuesday.

The DA believes there should be an application to the relevant section of the Companies Act by applying to a high court for an order to place the SAA under supervision and commence business rescue proceedings.

"This is to further prevent ... Myeni and her dysfunctional board from driving the airline deeper into the ground and threatening our economy," Alf Lees, DA MP and shadow deputy minister of finance, said in a statement.

Lees pointed out that under Myeni's leadership, SAA has been plagued with financial problems "with assessed losses of R18bn to date and little sign of a turnaround".

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