SAA business rescue: government shouldn’t sneak in bailouts to SAA’s subsidiaries


Much has been said about the bailout of SAA, a state-owned entity literally grounded through corruption and mismanagement under former board chairperson Dudu Myeni. 

But it seems government is not sticking to the airlines official business rescue plan and wants to divert R2,7 billion to bail out the SAA subsidiaries SAA Technical, Mango and Air Chefs. OUTA says this diversion is not authorised under the business rescue plan, and here’s why.