DA calls on creditors to object to SAA business rescue practitioners’ extension request to publish business rescue plan
8 June 2020
The Democratic Alliance (DA) calls on creditors to vote against the South African Airways (SAA) business rescue practitioners’ (BRP) request for a fifth extension to publish the airline’s business rescue plan.
The BRPs, Les Matuson and Siviwe Dongwana have indicated that they are seeking this delay until 15 June 2020 due to unions objecting to the plan being published today and to give them extra time to engage the government on the draft plan.
This latest extension makes a complete mockery of the entire business rescue process and we are dismayed by the fact that Matuson and Dongwana have succumbed to pressure from the unions.
The DA has questioned the SAA business rescue process from the beginning and this latest delay is confirmation that the BRPs were never in control of the process.