What next for ailing SAA?

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President Cyril Ramaphosa has taken the decision to put SAA, the cash-strapped national flag carrier, into voluntary business rescue.

Caroline Southey from the Conversation Africa asked Professor Marius Pretorius to explain how the process works. What is a business rescue? It’s what is known in the EU as a pre-insolvency procedure — a process designed to save a company from being shut down. All countries have their own version of the procedures to be applied when a business is in distress...

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