for subscribers

Why SAA backpay hardball needs a compromise

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
Legal employees should stand close to the front of the queue in terms of getting paid from money available.
Legal employees should stand close to the front of the queue in terms of getting paid from money available.

Perhaps the best way out of the current stand-off between the Department of Public Enterprises (DPE) and some unions at South African Airways (SAA) regarding backpay, would be to negotiate a middle ground, suggests business rescue expert Alex Eliott of Eliott Attorneys.

"Most companies in business rescue would be doomed if everybody stood on their rights. There has to be a compromise," he says.

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
15.30
(-1.60)
ZAR/GBP
21.24
(-1.18)
ZAR/EUR
18.31
(-0.77)
ZAR/AUD
11.82
(-1.06)
ZAR/JPY
0.14
(-0.68)
Gold
1697.41
(-0.76)
Silver
25.33
(-2.55)
Platinum
1126.50
(-2.63)
Brent Crude
63.94
(+2.19)
Palladium
2335.00
(+0.34)
All Share
67743.54
(-0.85)
Top 40
62250.03
(-0.97)
Financial 15
12674.59
(+0.82)
Industrial 25
87893.58
(-1.99)
Resource 10
69264.74
(+0.06)
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% - 1059 votes
No, I did not.
52% - 2653 votes
My landlord refused
28% - 1435 votes
Vote