2. Business rescue processThe restructuring option that government had chosen required the banks to provide funding support with government guarantees. 5. Business rescue planThe business rescue practitioners published the business rescue plan (rescue plan) for SAA on 16 June 2020 and it was adopted by the creditors on 14 July 2020. These are the creditors who are owed monies for services rendered during the business rescue process. When SAA was placed under business rescue, the department started receiving expression of interests (EOI) for the acquisition of SAA and/or parts thereof. In any event, there have been numerous meetings pertaining to the SAA transaction which NT was part of.
