Public Enterprises Minister Pravin Gordhan has informed Parliament that the South African Airways (SAA) and the South African Express Airways (SA Express) will not be submitting their annual reports this year.
Gordhan explained that regarding SAA, the company was placed in a business rescue after it achieved solvency and liquidity status.
Gordhan also said SA Express was placed under provisional liquidation and the liquidator was in the process of finding a buyer for the airline. Gordhan said that the three entities would not be able to finalise and submit their respective annual reports to him by September 30. He said the matter was still under discussion between the parties, but Transnet still intended holding its annual general meeting this month.
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