SA Express ordered to enter business rescue

[Jamie McKane]

SA Express ordered to enter business rescue

The South Gauteng High Court has ordered state-owned airline SA Express be placed under business rescue.

The ruling comes after logistics company Ziegler filed an urgent court application, in an effort to recover around R11.3 million it says the airline owes.

 

[mister]

2 down, ? to go

 

[aybbleek]

There may be light at the end of the tunnel....

 

[_TrXtR_]

This is retarded. Judges must stop taking nyope

 

[Gaz{M}]

2 down, ? to go

DPE has oversight responsibility in full or in part for six of the approximately 700 SOEs that exist at the national, provincial, and local levels

 

[Gordon_R]

Sounds like a mess:

Stalemate: Government opposes business rescue practitioners’ decision to ground SA Express

The state-owned airline’s financial position has worsened as it cannot pay aviation insurance and March 2020 salaries to its 1,000 employees. The appointed business rescue practitioners of SA Express,…

www.dailymaverick.co.za

 

[Gaz{M}]

These friggin ANC zombies don't get it.

They have no clue what BR means. They think it is a pause button and a way to get private people to magically make their failed businesses healthy again without any extra money..

All of them need to be in jail for treason.