SAA’s business rescue practitioners 'raked in over R30m without producing a plan'

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SAA’s business rescue practitioners 'raked in over R30m without producing a plan'
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Les Matuson and Siviwe Dongwana were heavily chastised by the National Assembly’s standing committee on public accounts, Mkhuleko Hlengwa, and Public Enterprises Minister Pravin Gordhan.

SAA’s business rescue practitioners are under fire for raking in over R30 million in fees without producing a plan to save the broke airline, which has lost almost R16 billion in the past three years.

The committee also heard that the national carrier had no money to pay its 4 708-strong workforce this month. Unaudited financial statements for the past two years presented to the committee show that the airline posted over R5bn last year, about R5.5bn and R5.3bn in 2018 and 2017, respectively. He said there was an unhealthy working relationship between business rescue practitioners and the government, which is not in SAA’s interest, and that Matuson and Dongwana and Gordhan were singing from two different hymn sheets.

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