Johannesburg – Cabinet has this week directed the Department of Public Enterprises (DPE) to finalise the appointment of the interim board for SAA.
In its virtual meeting on Wednesday, Cabinet also directed the department to conclude the appointment of the Strategic Equity Partner for the restructured SAA.
In a statement issued on Friday, Cabinet said it had been briefed on the progress regarding the implementation of the SAA Business Rescue Plan and how the allocation of the R10.5 billion will be effectively used to ensure the successful implementation of the business rescue plan.
“Cabinet appreciated the progress and implored the DPE to hasten the implementation of key initiatives to ensure the emergence of a new restructured, efficient and techno-savvy national airline,” Cabinet said in a statement.
In the meeting, Mango was commended on the strategic role it played as an SAA subsidiary to ensure the continued presence of the airline in the market.
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Sunday World
- Cabinet has directed the Department of Public Enterprises (DPE) to finalise the appointment of the interim board for SAA.
- The DPE is also instructed to conclude the appointment of the Strategic Equity Partner for the restructured SAA.
- Cabinet was briefed on the progress of the SAA Business Rescue Plan and the allocation of R10.5 billion to ensure its successful implementation.
- Cabinet urged the DPE to speed up the implementation of key initiatives for a new restructured, efficient, and techno-savvy national airline.
- Mango was commended for its strategic role as an SAA subsidiary in maintaining the airline’s market presence.
