SAA BUSINESS PRACTITIONERS WILL BE INVITED TO APPEAR BEFORE THE COMMITTEE

Parliament, The Chairperson of the Portfolio Committee on Public Enterprises, Mr Khaya Magaxa, said South African Airways’ (SAA) business rescue practitioners will be invited to brief the committee on plans and programmes to turn things around at the national carrier.

Media reports last week indicated that the SAA business rescue practitioners had not received the required R2bn. Last year the airline was placed under business rescue, and government and creditors’ committed R4bn to the process.

Mr Magaxa said what the committee needs is a well thought-out strategy to oversee state-owned enterprises (SOE) instead of an ad hoc and crisis-led approach The committee will meet to discuss and develop an approach which will include engagements with different stakeholders within the sector in order to address and tackle the challenges that SAA faces.

Source: Parliament of the Republic of South Africa