As South African Airways’ liquidation looms and thousands of hard-working South Africans are about to lose their jobs, there is a certain air of nostalgia doing the rounds. The state-owned carrier has been heading towards a collapse amid the global health crisis. South African Airways (SAA) has nearly no cash left and may miss salary payments this month, a board member said on Wednesday, as a crippling six … Aviation. South African Airways 'faces liquidation' as government pulls funding. There is disappointment, there is anger, and there is a lot of desperation – yes…but above all else there is sadness for a big loss to the country. South African Airways administrators delivered a stark choice to those opposing their plan to fire the entire workforce and sell assets: It’s either that or full liquidation. Epa/Udo Weitz What is a business rescue? South African President Cyril Ramaphosa has taken the decision to put South African Airways, the cash-strapped national flag carrier, into voluntary business rescue. If you're unable to return to your home country, we encourage you to contact your Embassy or Consulate to inform your Government of your location. South Africa’s government does not want South African Airways (SAA) to be liquidated. DPE also acknowledged an … Caroline Southey from the Conversation Africa asked Professor Marius Pretorius to explain how the process works. The new deadline for the proposed employment agreement has also been extended to May 1, 2020.

South African Airways (SAA) faces a wind-down or liquidation after specialists appointed to try to save the state-owned airline said on Thursday they had run out of funds. It’s what is known in the European Union as […] State-owned South African Airways will lay off its entire workforce and faces liquidation after the government refused to provide the 86-year-old carrier with additional financial aid, according to media reports. South African Airways Flight Suspension Policy | Across Network Read more; Foreign travellers stranded in South Africa: Please explore alternatives to SAA flights. But that’s not all. News. However, today’s news means that there could be a twist of fate for the airline. I was skeptical about whether things could actually be different this… The immediate liquidation threat of South African Airways (SAA) may be averted for now as announced by the Department of Public Enterprises (DPE) on Saturday. Published: 19 April 2020 - 5 a.m. South African Airways is currently in "business rescue," meaning that the airline is supposed to restructure due to huge losses that leave the airline on the brink of liquidation.