By CHRIS ERASMUSMore by this AuthorSouth African Airways, once the continent’s leading airline, is on the brink of collapse. The strike came as the airline was scrabbling to meet its November salary obligations. The airline was about to launch long-delayed restructuring plans, including cutting about 1,000 jobs, something the unions vehemently oppose. A court-appointed practitioner would have comprehensive powers to rescue SAA, overriding its ineffectual management. This limits what the management or a business rescue expert might achieve.

Source: Daily Nation November 23, 2019 21:33 UTC