THEBE MABANGA
THE DEPARTMENT of Public Enterprises has received the draft rescue plan for South African Airways (SAA) from the airline’s Business Rescue Practitioners (BRPs) and will now be discussed within government, creditors and unions.
“Government has not discussed the plan yet and no decisions have been taken on some of the proposals it contains,” the department said in a statement.
At an appearance before the Standing Committee on Public Enterprises last month, Public Enterprises minister Pravin Gordhan told the committee that in early May, the department received a “deficient” plan that he could not back.
Scopa insisted on being show the draft plan.
The hearings also highlighted a number of differences between the department and BRPs.
Among a number were the multiple extensions that BRPs had been granted since being appointed in December.
Gordhan pointed out that these were granted by creditors and employees rather than by his department.
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