However, the business rescue plan which got an overwhelming nod from creditors yesterday requires in excess of R10bn to be successfully implemented. IsaacPat
Economist Duma Gqubule believes workers were the biggest losers in the story of SAA which has been mismanaged for two decades.
The SA Communist Party commended the department for the"decisive leadership role it has played in ensuring that the plan to rescue SAA receives overwhelming support". The DPE announced that it had appointed Phillip Saunders as interim CEO of the embattled state airliner. In a joint statement, the National Union of Metalworkers of SA and the South African Cabin Crew Association said they were"not entirely satisfied with the plan and will deal with the shortcomings in due course".
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