The party wants to know whether or not this deal includes yet more billions of rands in bailouts to keep the bankrupt airline going and whether or not majority ownership of SAA will be transferred to private equity
The Democratic Alliance has expressed their intention to contact Minister of Public Enterprises Pravin Gordhan to request the full details of the Leadership Compact he has entered into with the unions representing South African Airways employees.calling the agreement a “groundbreaking initiative.”
“The question that all South Africans will be asking is whether or not this deal includes yet more billions of rands in bailouts to keep the bankrupt airline going and whether or not majority ownership of SAA will be transferred to private equity? The DA also insinuated that the fact that the media statement does not make a single reference to the BRPs implies that Gordhan has seemingly taken control of them by establishing “very demanding timelines for the development of the Business Rescue Plan…” This is reportedly something that only Matuson and Dongwana can legally do.
“In some five months, Matuson and Dongwana have failed to come up with a business rescue plan of any sort.”
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