Solidarity will keep a close eye on the process to ensure no government interference, its CEO Dirk Hermann said.
However, municipalities are also owed more than R165bn for power by government departments, businesses and households.
There should be more than one practitioner, and unions want to be involved to ensure transparency, they say.
The process to decide if the airline could be rescued could take a few months if not a year, instead of the usual 25 business days.
Much confusion continues to prevail about the future of the controversial tolling system.
It is not yet clear what will be happening to the undocumented migrants at the nine-building facility.

PIC says liquidation bid against Sekunjalo ‘strictly commercial’ after motives questioned

It has recently been criticised by, among others, ANC secretary-general Ace Magashule and deputy secretary-general Jessie Duarte.

Gordhan offers the details of SAA going into business rescue from today

The minister said it would be part of ‘an orderly and methodical restructuring process at SAA’, and government will no longer be able to meddle.

Govt trying to save Saldanha Steel from cheap imports slammed by smaller steel firms

Government has come under fire for trying to keep Saldanha Steel, a subsidiary of ArcelorMittal South Africa (Amsa) open at all cost, to the extent of resorting to protectionist tactics that adversely affect downstream steel firms.

Ramaphosa orders that SAA be placed in urgent business rescue

The presidency has expressed concern that the news was leaked in an unofficial manner, but has nevertheless confirmed it.

WATCH: Gavin Watson’s Porsche sells for just R500K at auction

There has been a huge turnout at the company’s facilities in Krugersdorp despite the wet and chilly weather.

Some business owners oppose City of Cape Town’s business park plan

The City wants to turn part of the Racing Park into emergency housing units.

This has been the fourth GDP contraction under Ramaphosa’s watch

South Africa’s latest gross domestic product (GDP) figures mark the fourth quarter of decline during President Cyril Ramaphosa’s tenure.

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Find a lasting taxi industry solution ‘or ruin the sector’

Find a lasting taxi industry solution ‘or ruin the sector’

Taxi World editor Joel Mafenya calls for an end to the carnage and urges government to be ‘proactive’ not ‘reactive’.

Bosasa files business rescue application in last-minute bid to stop auction

The embattled company appears to be retaining a never-say-die attitude about its troubles.

SA economy shrinks by 0.6% in third quarter – Stats SA

Stats SA released the latest GDP figures on Tuesday, offering South Africans more grim news about the state of the local economy, which contracted by 0.6% in quarter three of 2019.

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SA company clinches R600m dagga deal

SA company clinches R600m dagga deal

The country is on the verge of a cannabis industry boom worth billions of rands, but government must first provide a legislative and regulatory framework, experts say.

Vodacom defends its data prices, suggests spectrum is still the problem

The Competition Commission warns cellphone giants they could face prosecution for excessive if they do not adhere to the ruling, but they point to government’s delays.

‘Free data’ for all as Competition Commission orders MTN and Vodacom to slash prices

Mobile data is about to become a lot more accessible in the country if the Competition Commission’s recommendations are not taken on legal review.

SAA’s woes are making the travel industry skittish

Business travellers are the most affected by insurers and travel agencies leaving the airline.




 

 

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