Pravin Gordhan accused the rescue practitioners of incompetence and enriching themselves, having already invoiced R30m
Public enterprises minister Pravin Gordhan and his ANC colleagues ripped into SAA’s business rescue practitioners in a parliamentary committee meeting on Friday, accusing them of incompetence, of enriching themselves, and implying that they had nefariously lined up a fire-sale of assets.
Gordhan, his officials and business rescue practitioners Siviwe Dongwana and Les Matuson briefed the standing committee on public accounts — parliament’s financial watchdog over public entities — for a tense three and half hours on Friday afternoon. The airline has been in business rescue since December 5 but the practitioners are yet to produce a rescue plan.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BREAKING NEWS: Bloody showdown as Gordhan blasts SAA business rescue teamPravin Gordhan accused the rescue practitioners of incompetence and enriching themselves, having already invoiced R30m
Read more »
BREAKING NEWS: Bloody showdown as Gordhan blasts SAA business rescue teamPravin Gordhan accused the rescue practitioners of incompetence and enriching themselves, having already invoiced R30m
Read more »
Gordhan, SAA business rescue practitioners trade accusations over rescue planMPs heard from SAA's business rescue practitioners that a lack of funding severely hampered their work, while Minister Pravin Gordhan questioned their spending decisions and future objectives.
Read more »
Cash-strapped SAA spends R10-bn of state bailout in four monthsThe troubled national airline, which has not made a profit since 2011 and is dependent on government bailouts to remain solvent, entered business rescue in December in a last-ditch bid to save the company.
Read more »
‘SAA 2.0’: New deal provides a lifeline - The Mail & GuardianAirline brought back from the brink as rescue practitioners and Gordhan agree to work on a rescue plan by the end of June
Read more »
Truce reached over SAA rescue plansPublic enterprises given until June 30 to come up with alternative plan after rejecting previous suggestions that involved eliminating jobs and winding down the airline
Read more »