SOLIDARITY TO ANNOUNCE PLANS TO RESCUE SAA

JOHANNESBURG- Trade union Solidarity says it will announce a legal strategy to rescue South African Airways (SAA) from further demise this week.

Solidarity has announced that they have plans to rescue the national carrier which has lost over R4 billion in 2017.

Solidarity is concerned with the state of SAA and have called on President Cyril Ramaphosa,  minister Pravin Gordhan and finance minister Nhalanhla Nene to support their application to place SAA under business rescue.

Solidarity’s Connie Mulder said, “We will make the announcement and have given the ministers time to respond. We will announce our court application, further dates and the process going forward.”

Werner Human‚ Solidarity’s deputy chief executive‚ said on Sunday, “At present‚ there is no other choice but to privatise SAA‚ at least in part‚”

“Solidarity invites the President and Ministers to support its application to place SAA under business rescue‚ and will reveal its legal strategy regarding this process on this coming Thursday‚ April 12‚ during a press conference.”

Photo Credit-BusinessLive

 

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