Public Enterprises Department given seven days to finalise funding for SAA



Trade unions NUMSA and SACCA have given the Public Enterprises Department seven days in which to finalise funding for the structuring of the embattled South African Airways (SAA) or face protracted protests .

On Friday, the airlines’ Business Rescue Practitioners confirmed receiving a letter from the department and Treasury making a commitment to provide the R10.5-billion funding needed to restructure SAA.


The BRPs met with creditors to discuss the way forward for the airline.

They say they have exhausted funds to keep the airline afloat.

Unions picket outside SAA headquarters:


DPE and Treasury are a DISGRACE! They have failed SOES! We demand that they put funding into SAA as they promised. We demand that they #ShowUsTheMoney They promised to fund the BRP process, WHERE IS THE MONEY? 

 

 
 
 
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