South African Airways Liquidation Unlikely for Now

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. The new deadline for the proposed employment agreement has also been extended to May 1, 2020. DPE also acknowledged an agreement was reached in a meeting to establish "different cooperative relationships based on a spirit of strategic partnership," following political grandstanding between the Business Rescue Practitioners (BRPs) and the workers’ union who are accusing the…