creditors

A view of SAA airplanes at Cape Town International Airport on February 18, 2020. Gallo Images/Jacques Stander The business rescue practitioners of South African Airways have called a creditors' meeting for Friday 24 July, on the basis that a condition set in the business rescue plan has not been met.The unmet condition relates to government…

Creditors of Edcon were deliberating into the night on Monday on whether to accept, review or reject a business rescue plan proposed for the retailer.A spokesperson for Edcon informed Fin24 that an update could be expected on Tuesday.Earlier on Monday, two concurrent creditors of Edcon lost an urgent application in the High Court in Pretoria…

A view of SAA airplanes at Cape Town International Airport on February 18, 2020. Gallo Images/Jacques Stander Creditors of embattled state-owned flag carrier South African Airways will finally have a chance to vote on the business rescue plan proposed for the airline next week. SAA went into business rescue in December last year following years of…