The Department of Public Enterprises has urged Creditors, employees and other stakeholders of SAA to vote in support of the Business rescue Plan of the airline. In a statement the DPE says the approval of the Business Plan would help creditors and employees to be co -creators of the new airline. SAA BRP's have now scheduled the creditors meeting for today (Thursday) to vote on the business plan. A vote in favour of the plan by 75 percent of the voting interest would be required to carry the vote. Let’s look at what the different scenarios for the worker is and what each outcome would mean for them and how their packages would be affected depending on the outcome as we welcome…
Guest: Gareth Cremen - Specialist attorney