rescue

As a voting block, four major banks have the majority when it comes to voting on a rescue plan for SAA.A legal point of debate centres on whether they can really be regarded as being independent creditors as required by the Companies Act.This is because they hold government guarantees for the total of R16.4 billion…

Share on PinterestNew research finds that dogs will try to rescue their owners, as long as they understand what they need to do.Many of us enjoy the special bond that occurs between humans and dogs. We are two different species with different instincts and goals, and yet, the connections that we make with our canines…

Creditors of the embattled airline will finally get to vote on a proposed business rescue plan next week.No matter how unions, unsecured concurrent creditors and lessors decide to vote, the biggest voting block is formed by four major banks.The banks hold R16.4 billion in secured government-guaranteed claims which have to be paid no matter what…