SAA finalising implementation of the rescue plan

The Public Enterprises Department says that it's working around the clock to finalise the implementation of SAA's business rescue plan For more on this story we're joined by the department's Acting Deputy Director General Nonny Mashika. Courtesy #eNCA

JOHANNESBURG - The Public Enterprises Department says that it is working around the clock to finalise the implementation of SAA's business rescue plan.

This after the conditions for the plan were met last week.

"We are now doing the phase of implementing the business rescue plan, it is, of course, the transition phase.

READ: SAA restructuring plan set to take off

"In terms of the labour restructuring, it is important to note that we have had to look at how we can retain some of the employees at the entity and we have considered the retention of about 1,000 employees," said department's Acting Deputy Director-General Nonny Mashika

Last month the majority of SAA creditors voted in favour of a R2.2-billion plan.

Watch the video above for more details from Public Enterprises Department's Acting Deputy Director-General, Nonny Mashika.

Source
eNCA